Part of Daily Focus: 365 Practical Notes for Solo and Small Business Owners.
Income can be earned in one month and arrive in another.
List the date money is expected to enter or leave the account, not only the month associated with the sale. Payout schedules, annual renewals and delayed invoices can create a cash shortage even when the income statement appears healthy.
Try this today: Note when expected payments, fees and expenses actually affect cash.
Keep in mind: Timing matters even when the total is correct.
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If you need practical resources for the work that follows, you can explore MixStudio.
