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Do You Know Where Your Cash Is?

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Have you ever asked yourself the question, “I am making a profit but I don’t know where the cash is?”  Many business owners tend to manage their business strictly from the income statement.   An income statement is very important to a business as it provides a historical view of what transpired in the company over a period of time and gives the business owner, banks and other investors a better perspective of what contributed to the net profit or loss reported. …

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