January 19 2016 will mark the beginning of the 2016 Filing Season. The Internal Revenue Service (IRS) announced that Tax Return filing for the year will begin one day earlier than the previous one. The IRS will begin accepting individual electronic returns from this day. They will also begin processing paper tax returns at the same time. There is no advantage to people filing tax returns on paper now instead of using the e- file method. The Tax Day also witnessed slight changes as Washington, DC celebrates Emancipation Day on April 15 instead of the usual April 16th, which is a Saturday. Hence,The filing deadline to submit 2015 tax returns will be Monday, April 18, 2016. Please Note that this Date coincides with Patriot's Day so Massachusetts and Maine will observe their Tax Day on Tuesday, April 19, 2016. All in all, this Tax Season starts early and ends with a Delay. With this, Tax Payers have more than the regular time period to file their returns. But NOTE that filing the Returns within the IRS time frame can be a smart and effective way to stay safe. The IRS urges all tax payers to make sure that they have all their year-end statements in hand before filing, including Forms W-2 from their employers, Forms 1099 from Banks and Other Payers and form 1095-A from the Marketplace for those claiming the premium tax credit. One Aspect that Tax Professionals should take care is the tax software that they use for Tax filing and submitting forms to the IRS. It is better not to choose your tax filing software only on the basis of filing dates that they provide. Below are some tips to consider as you file your Tax Returns: Ensure that all your Income Statements - W-2, 1099, 1098 and 1095-A are all collected, reviewed and organized. Collect all your Receipts and Sort them all out, as this will help you get your maximum deductions during your Tax filing. Coordinate and organize all your Deductions. Business Owners need to organize and review their financial reports for the previous year to ensure that all Business Expenses are accounted for and recorded, so that they can claim all the necessary deductions. Please note that picking up software that serves your tax needs better should make a smart choice. You have to think of the various requirements, that your return filing will depend upon such as the number of Transactions, Business Size and States in consideration, then analyze the choices available to meet those requirements and pick the most suitable one. Get a Trusted Tax Professional that can provide helpful information about advice and the ever- changing tax code. Remember that Choosing E-File and Direct Deposit for Refunds remains the fastest and safest way to file an accurate income tax return and receive a Refund. If you need Assistance with organizing your Documents and Accounting Records, as well as getting them ready for Tax Purposes, Feel free to call us on 202.422.4586. Let the Tax Season Begin....................................

Every Year, Business Owners across the Nation sit down with their Tax Accountants to come up with as many Legal Tax Deductions as possible. As a Business Owner, knowing which Business Tax Deductions that you qualify for can help: Reduce Your Income Tax Liability. Enhance the efficiency of your Business Operation. Improve your Overall Financial Well Being Prevent Overstating your Income/Profit. Eliminate you from being a Target of an IRS Audit. It is unfortunate that many Business Tax Deductions are misunderstood and underutilized. Some Business Owners make the mistake of claiming the wrong deductions or claiming the wrong amounts. Most Business Owners overlook the most important Deductions that can help reduce their Tax Liability. As you file your Taxes this Year, We have compiled the Top 10 Overlooked Tax Deductions that most Business Owners ignore during Tax Period. Our Aim us to help you remember to claim these deductions as you file your Taxes. 1.     Software: A Software Deduction is more than the traditional idea of Software in a Box or Download. If you use any Cloud Based Tools such as Online Accounting Software or Other Productivity Tools, your Subscription Fees are deductible as well as these Software- as- a- service (SaaS) options. 2.     Education: Did you spend money to attend a Trade Show, Industry Seminar, Training or Conference relating to your Business or Career in the Past Year? Did you Buy Books, CDs or Online Tutorials related to your Business? These Tools help you get smarter at running your Business and are all Tax Deductible. 3.     Licensing & Regulatory Fees:  Do you know that the Regulatory and License Fees that you pay each year to keep your Business Operating and in Good Standing are Tax Deductible? 4.     Bad Debts: When a Client owes you money and they are not paying their Bills, It is possible to deduct the Uncollectible Bad Debt from your Taxable Income. 5.     Student Loan Interest: Student Loan Interest is a Tax Deduction that is commonly missed. If you have Student Loan Debt and you are still paying for it- Either for yourself or for your Children, you have to ensure that the Loan Interest is deducted for Tax Purposes .Note: The Person who gets to deduct the Loan Interest is the person who is legally obligated to pay back the Loan. This means that if the Loan is under your Name, you can take the Tax Deduction; If the Loan is under your Adult Child's Name, then your Child will be the one to claim the deduction on their Tax Return. 6.     Medical Costs: These include Health Insurance Premiums, Dental Care, Glasses, Counselling, Therapy and Miles driven to Medical Appointments. Weight- Loss Programs are also deductible if undertaken as treatment for a Disease diagnosed by a Physician. 7.     Retirement Plan Expenses: Whether you are a Solo Entrepreneur or Business Owner with many Employees, Any Contribution (up to a certain limit each year) made to a Qualified Tax-advantaged Retirement Plans such as SEP IRA, SIMPLE IRA, 401(K) or Other Retirement Accounts are Deductible. It is important to note that some People with IRAs miss the opportunity to contribute to their Plan and don't realize that it's a deduction that does not need to be funded by December 31st of the Tax Year. Tax Payers have until April 14th of every following Year to fund their IRAs. 8.     Depreciation: Depreciation can mean large Tax Savings for most Business Owners and is usually complex enough to intimidate or confuse many Business Owners. Certain Fixed   Assets Purchases that you buy for your Business cannot have the entire cost deducted in the same year that you purchase it, instead you need to spread the cost across a few Tax Years and deduct part of it each year. 9.     Business Transportation (Vehicle Mileage & Maintenance) : Using your Personal  Vehicle or Business Owned Vehicle for Business Related Travel allows you to deduct the  Value of Depreciation on the Vehicle's Value by deducting your mileage with the IRS   standard mileage rate per mile of Business Travel, or ( If the Number is  Greater) by  deducting the Total Value of Gas and Maintenance on the Vehicle. 10.  Charitable Contributions & Non-Cash Charitable Donations: The IRS likes to encourage and reward People who donate and volunteer for charitable causes. Any Money that you give to a Tax- Exempt Charitable Organization can be deducted from your Taxable Income. You can also deduct certain out - of - pocket expenses incurred while volunteering for a charitable organization. Deducting a Cash Contribution to a Charity is easy, but too often People don't accurately value Non- Cash Contributions such as Clothes. You will have to determine the fair market value.    It is important to take note of these overlooked Tax Deductions and remember to list them during your Tax Filing. It has been reported that Most Business Owners give lots of extra money to the IRS due to lack of record keeping of these overlooked Deductions. This is why it is compulsory to keep accurate record of all your Expenses during the Year and have them categorized properly, so that you can reduce your Tax Liability to the minimum.  We know that the Tax Filing Season is not fun and will like to take the stress off you, so that you can concentrate on  building your Business, If you have not been keeping accurate records of your Income and Expenses, We are available to help you. Please Free to give us a Call on 202.422.4586. You will be glad you did. To your Business Success, Rosemary Anyanwu, CFE. Certified QuickBooks ProAdvisor, Professional Bookkeeper & Accountant. Rosyan Bookkeeping Services.

Have you reconciled your Bank Statements lately? Just a Reminder, We have only a few days left to the end of the Year. Very Soon, It will be Tax Season and you will need to submit your Financial Statements for Tax Filing. Can you confidently say that your Company Accounts are updated and reconciled? It is very important to reconcile your Bank and Credit Card Statements at the end of every MONTH. A Bank Reconciliation is the balancing of a Company's Cash Account Balance to its Bank Account Balance. It is important to ensure that the Cash Account and Bank Account Balances match. The Main Document used for Bank Reconciliation is the Bank Statement. There are great benefits in reconciling your Accounts and we will be looking at a few of them today. These Benefits include: Accurate Financials - Financial Statements are more accurate and can be relied upon, when reconciled. Better Business Decisions - Everyone knows that when your Financials are accurate, you are able to make better decisions for your Business. This ultimately enhances your Business Growth. Better Planning - When Bank Reconciliations are done monthly, you are assured that the entries entered into your Company's Account are all correct, this also gives you a clear view of the checks that you may have issued but has not cleared from your Bank Account. Eliminating Money Leaks from your Company - The Last Thing you will want for your Business is for your Hard- Earned Money to go down the drain because of a Money Leak in your Business. It is worthy to note that Only Bank Reconciliations will catch Big Money Leaks like A Deposit that was not posted to your Bank Account due to various reasons ranging from Returned items to Bank Errors, Unnecessary Bank Charges, Fraudulent Activities, Double Vendor Charges and Other Common Errors. If your Bank Reconciliations are not done monthly, you could be losing thousands of Dollars in errors, that could have been captured on time. Updated Company Records/Reduced Bookkeeping Charges - The Month of January is a busy time for Accounting Professionals.; it's a period of closing the Year End Reports as well as Tax Preparation Season. Any Business Owner that doesn't have a Bookkeeper presently will definitely spend twice as much to get one, between the months of January - April. Would it not be wise to get a Bookkeeper Now and tidy your Books before the Rush Period? I have listed a few of what I discovered in my years of engaging Bank Reconciliations for my Clients. For easy assimilation, I will categorize them as Internal and External Observations: INTERNAL OBSERVATIONS: 1) Pilfering Employees/Employees that steal from the Company. 2) Cash Registers not closed out. 3) Bank Deposits not being timely deposited by the Employees. 4) Cash Advances and Loans taken by Employees are not properly accounted for. 5) Unauthorized Purchases made on the Company's Credit Card. 6) Forged Checks being endorsed and cashed at the Bank. 7) Managers taking Clients to a strip club on the company's Credit Card (Yes, This Happens). 8) Rampant Starbucks purchases on the Company Credit Card. 9) Wrong Recording and Classification of Loan Accounts, Line of Credits and credit Card Accounts. EXTERNAL OBSERVATIONS : 1) Customers reversing charges, without the knowledge of the Business Owner. 2) Automatic Payments increase by the Bank. 3) Utility Companies like Telephone/Internet Companies billing Clients twice in the same month. 4) Fraudulent Purchases on the Company Credit Card. 5) Match.Com Payments made on the company Credit Card. 6) Unauthorized Withdrawals by the Banks ( Inadvertently claiming the Business Owner authorized it). 7) Bill Payments issued via Bill Pay were not mailed out by the Bank to the vendor issued, hence the business Owner incurs late charges for Non Payment of Bills. 8) Over $3,500 in Annual Bank Fees for Overdrafts/NSF/Late Fees. We can see that most of these items are charge worthy and I have seen a lot of Business Owners experience One or more of these errors because they don't reconcile their Statements. We need to have internal and external procedures in place to get our accounts reconciled. If you have not been recording your transactions from the beginning of the year and have not reconciled them, the best time to start is NOW.  Please do not feel that it is a waste of time to reconcile your accounts, you never know, you may have been losing a lot of cash under your nose. Try to take a look at your account today and begin to experience increased Cash flow. If you feel that you don't have time to get to your Bank Reconciliation, Feel Free to Give Us a Call on 202.422.4586. We are always available to help you.

It is important to note that, to assess your company's financial health, you will need more information than your Gross Income, to see how well your business/organization is doing. There are three important financial information, that you will need and these will also help you in making your Business decisions. They are: Balance Sheet-A Balance Sheet provides an instant picture of an organization's financial situation at a particular point in time. It shows an organization's assets(what it owns),liabilities(what it owes) and net worth(the difference between the two).It also provides a breakdown of current assets and fixed assets, as well as current liabilities and fixed liabilities. The Balance sheet also shows how much equity(ownership interest),that you have in the Business. Profit & Loss Statement - A Profit & Loss Statement shows all actual income and expenses incurred for a particular period of time, such as a month, quarter or year. This statement reports the most important numbers of the organization, like the Company's Gross Profit, total expenses and Net Income, through which Business owners can determine, if their business is making a profit or loss. Cash Flow Statement - This Statement shows how much actual cash enters and leaves your company's accounts for a time period,including all operating activities, investing activities and financing activities. Incoming Cash appears in different categories, such as Sales, Cash from Vendors, interest received, Owner contributions, any borrowed money or miscellaneous sources. The categories for outgoing cash are Payroll, inventory, operating expenses, equipments, capital expenditures, debts and distributions to owners. It is important to note that by combining these three statements, you will be able to assess the financial health of your company at any given time. Please note that you NEED to have a GOOD BOOKKEEPING SYSTEM in place, because this is the only way that your statements can be accurate, and with this, you will be able to make accurate business decisions. If you need help with assessing the financial health of your business/organization's and also  preparing any of the statements listed above, We are available to help you out. GIVE US A CALL TODAY ON 202-422-4586,and see how we can assist you. We will also give you suggestions, that will enhance your business and help your company grow. Please also feel free to fill out our contact form, so that we can get in touch with you and respond to your questions. We will love to help you.

Recently, I was discussing with a friend, who was competing with her sister in selling their hand made beads. The conversation was about raising her prices from ten cents to twenty five cents per bead. I asked her what she needed to achieve from the increase and what areas of her life, that she feels the increase will make an impact, hence asking her the five most important things that matters to her in life. She thought about it, looked at me and said in this order: “First, My Family, then My House, Television, Candy and then Money”. Impressed that she had come up with exactly five items, I probed a little deeper. “Mary, what do you need to get the candy that you love?’ “Money”, she said. “And how about the TV, what do you need to get that?” “Money” “And how about your house?” “Money”, she replied once again. And then I asked, “How about your family, what do you need to get them?” Just as quickly, she replied, “Love” “That’s right, “I said, but don’t you think that maybe you have to reorder your list? You see, if you need money to buy the candy, the house and the TV, then don’t you think money should be more important than what it can buy? In that instance, she thought about it and said, I was right, and within that short period, I introduced her to the law of money, a law that serves as the foundation for wise spending. THE LAW OF MONEY: PEOPLE FIRST.THEN MONEY.THEN THINGS You see, most of us are just like Mary, we value things more than we value money. We care more about having what money can buy than we care about having money itself. When we follow the law of money, we will find out that, we are respectful of money, and if we follow it and keep what we have and spend, it will make us truly rich. We will analyze each category: PEOPLE FIRST: We should always prioritize everything that is created by love, which include our Family, Friends, Partners, Children and Ourselves. The saying that goes that Money can’t buy love is true, and a life without love –regardless of how much money one has-is a poor life indeed. THEN MONEY: Can you imagine going to someone’s  house and having them proudly show you a room filled with thousands of dollar bills and telling you the history of how all that money came to be? You will be amazed at all that vulgarity, but at the same time, you will think nothing of it, when you compare it to another person's home that is filled with beautiful decorations, What did it take to decorate the home? Money. Money exchanged for furniture, paintings, carpeting, lamps and so on. The difference in your perception is the VALUE SYSTEM that you applied- A Room filled with things is okay, whereas a room full of money is not. THEN THINGS: When your financial priorities are in order; things come last. In conclusion, when we work hard for our money, maybe forty hours or more a week and then go shopping, buy food, clothes and stuff, we usually say that we don’t know where the money went. This is also applicable, when we pay for services, that we really need; but why don't you consider this- CHANGE your perspective now, if we valued money over things and over items it can buy, then we would know exactly where our finance is going. We should change our money/thing ratio, so that we will have more money than things, this will also encourage us to take great pleasure in seeing our money and watching it grow. With this approach, we would always know when we can afford something that we need and will be more likely to be able to buy the things we TRULY WANT to make us happy. So next time, you go out to spend money, always remember that you are not throwing the money away, but you are exchanging it for something that has a value to you. Please feel free to give us a call today to get your finances organized, so that you can capture where your expenses are going and invariably increase the value you need for the important areas in your life.

Wow, Where did the month go? First it was HAPPY NEW YEAR, and now it's almost the end of January 2014.Now,that the Holiday Season is far behind us, the month of January provides a welcome breather for busy schedules, but hold on, before you spend all your free time sprawling on your sofa, it's time to take a jump start on filing your taxes. This is the time to gather your W2s, 1099s, Other Earned Income Statements, Contribution Statements, Receipts, Bank Statements and other important documentation, so even though the IRS states that Tax Filing will begin on January 31st 2014, because it needs extra time to ensure that the systems are in place and working properly, We still need to get ready and prepare ourselves. We want to give you some tips on what to look out for as you get ready to file your taxes. We all know, that there are some New Tax Filing changes: Look for Every Possible Deduction: Some of the most commonly overlooked ones are charitable contributions, Student Loan Interest, Job Hunting Costs and State Taxes Paid last year. -  It is worthy to note that many credits and deductions for Education were extended for 2013 returns, among which is the American Opportunity Credit, which is up to $2,500. -  The Personal Exemption is $3,900; Standard Deduction is $12,200 for Married Tax Payers filing jointly, $6,100 for Singles and $8,950 for Heads of Households. -  Tax Payers will still be able to deduct their medical expenses, but it will be more difficult for many to qualify. The threshold for deducting Medical Expenses now stands at 10% of adjusted Gross Income, which is up from 7.5 percent. - Among the other changes, Tax Payers who work at home will now have a simplified option for taking a Home Office Deduction. Starting with 2013 returns, if you are eligible for this deduction, you can take a Standard Deduction of $5 per Square foot, up to 300 Square Feet. The Maximum Deduction using this method is $1,500. - The Deduction for Business Use of a Car has also been simplified; you can use your actual costs or the IRS mileage rates. The standard mileage rate for Business Use of a Car in 2013 is 56.5 cents a mile, up from 55.5 cents. - If you made Energy Efficiency improvements to your Home, such as Installing New Windows or a Qualifying Furnace or Heat Pump, you might be able to take an energy credit of 10% of the cost up to a lifetime maximum of $500,hence of the total, the IRS states "Only $200 can be for Windows,$50 for any Advanced Air Circulating Fan,$150 for any Qualified Natural Gas, Propane or Oil Furnace or $300 for any Item of Energy Efficient Building Property. Rapid Refunds: If you expect a Refund, the earlier you file, the earlier you will typically receive it. Using the refund to pay off interest-bearing debt is even more of a Plus. Planning Ahead: For those who owe taxes, earlier filing means more time to budget and set aside what will be due. Even if you file early, you still have until April 15th to submit your Payment. Double Check: If you prepare your own return, Completing it before the Deadline provides ample time to check and double-check your work to ensure that everything is correct before you file. Ensure that your Social Security/ Numbers/Individual Taxpayer Identification Numbers (ITIN) are entered correctly and the returns are signed. Those who feel that they need more time can apply for extension, until October 15th, but if you do file for an extension, remember to estimate and Pay any Taxes Due or you will face possible Penalty. We hope that these tips will guide and help you in your Tax preparations, Do you Need Help in checking your Reports and ensuring that everything is entered correctly and adequately reconciled? Do you Need Help in getting your Charitable Contributions ready? Do you Need Help in ensuring that all your Receipts and Invoices are correctly accounted for into your system, Remember that the more accurate your transactions are, the more deductions you can claim and invariably, the more accurate your Tax Returns will be. Why Don't you give us a call on 202.422.4586 or Email Us, to see how we can further assist you. We would love to hear from you.

It's already the eighth month of the Year, We are gradually getting to the end of the year, and soon it will be time for Year End Reports. In our last Newsletter, We discussed the concept of Cash Flow and how it affects our Business Operations; this month, we will be looking at tips to manage our Business Cash Flow.   Being in Business for yourself is like being an Air traffic controller, especially in the area of cash flow management ; You can imagine trying to control 100 Airplanes landing simultaneously on two runways; this can be an upheaval task, but we regularly see clients line up their monthly bills, their projected income, business projects and business expenses and try to combine all these activities, at the same time, trying to ensure a steady cash flow into the business; you can imagine, the projected outcome, if all these activities are not properly coordinated.   Cash Flow is the heartbeat of every Business, and if a Business does not have the cash on hand to pay their vendors, they will definitely run into problems. The main Cash Flow Problem, that Business Owners face is as a result of Lack of Creative Cash Management. Below are some Tips to overcome the Ups and Downs of Cash Flow Problems in your Businesses: 1) Always Schedule All Payments: Most Business Owners line up their monthly bills, compile them, sit down and issue all the checks and set up Bill Payments at once; but the trick is to have a " Holding Pattern". It is advisable to schedule each payment, in order to get to your vendors in a timely landing, without affecting other Cash Flow activities.    Every Business has Three (3) tiers of Checks Disbursements Groupings:         a) Must Pay Group- These are payments that can hurt you, either in cost or ability to operate your business, if they are not paid. These include items like Taxes, Rents, Payroll and Service Charges. b) Important to Pay Group - These are payments, that have a reasonable grace period, and if not paid, a financial penalty can be incurred, as a result of Nonpayment. These include Utility Bills , Credit Card Payments and Insurance Payments . c) Flexible Payment Plan Group - Suppliers, Vendors and Wholesalers, that supply most Small Businesses are the best sources of flexible credit financing. Most of them will continue to work with you, if you arrange a regular payment plan with them. Tip #1: Try to schedule Payment Dates, into the Three (3) tiers of Checks Disbursements groupings and issue check/Bill payments accordingly. 2)  Make Payments on your Revenue, not on uncollected Sales : I am sure, that none of us will want to land a plane, hoping that the runway is beneath us in the fog bank, as also Business owners, it is not advisable to make projected payments on uncollected revenue. You may wander, what happens to Credit Facilities, Guess What, Most Credit Facilities still have a timeline for payment. Tip #2: Always prepare your Cash Flow Statement and financial reports, and review them periodically, to have a full knowledge of your Cash Flow. 3)  Do not use Payroll Taxes to float your Business Operations: Studies have shown that most Business Owners use the Tax liabilities, collected during payroll, to float their businesses, rather than remitting the payments to the appropriate Tax Authorities. They don't realize that they spend more in potential penalties, fees , interests, time and aggravation, if they engage in this act. Tax Liabilities grow, if they are not remitted at the appropriate timing.  Tip #3: Try to discipline yourself to deposit the payroll tax money collected, into a Separate Bank Account, until you are ready to remit the payments. 4)  Establish Relationships with your Credit Provider: It is very important for every business owner to plan for a rainy day. Having a great relationship with a vendor, that gives you a credit facility, avoids cash flow storms, which might bring in a sense of desperation or lack of control.  Tip #4: If you work with a quality company, that provides working capital or credit facility, stick with them and build a relationship, once they know your credit worthiness, they will be there to help you quickly, in times of need.  5)  Invest in a Good Bookkeeping/ Accounting Service: It is important for Business Owners to have a grasp of their cash flow and understand the effect on their business growth. A Good Bookkeeping service is invaluable to your business, particularly in preparing your monthly financial reports and cash flow statements, which will help you, see how your Business is doing as well as maintaining your Business Cash flow.   Tip #5: Rather than worry about how to prepare your company financials and your cash Flow Statements, as well as trying to figure out, the amount of Payroll taxes to pay; let the professionals handle it.   Understanding and Managing Cash flow has been a challenge for many Business owners, but with the application of these tips, it is possible to grow your Business to a greater level , and also have enough funds for other activities, that will bring more revenue into your Business.      Please feel free to contact us on 202-422-4586, if you will need further help on how to manage your Business Cash flow and financial Reports. We will love to help you. Remember: The best time to take control of your Cash Flow is RIGHT NOW.

Welcome to the month of July. We are done with the first half of the year and started the countdown to the remaining half of the year. Our Newsletter for this month is on an integral part of every business; an area that is generally misunderstood by most business owners, but interestingly plays an important role in every organization. Have you taken time to look at your Cash flow Statement? Can you tell where Funds are disbursed in your Business? Do you understand the effect of your Spendings? The art of struggling to understand and manage your cash flow can be a huge distraction to your business; in this series, we will be providing you with quick tips on the basic method of understanding your cash flow. Our Areas of Concentration will be on: - Definition of Cash Flow - Drivers of Cash Flow in a Business - Facts about Cash Flow - Quick Tips on Understanding your Cash flow and applying it to your Business. - Managing your Cash Flow effectively. What is Cash Flow? Cash Flowis the movement of money into or out of a business, project or financial product, and can be measured at any specified period of time. The Following are the drivers of Cash flow in a Business: Accounts Receivables (These are money owed to a Business by its customer, as a result of services provided or goods sold). Inventory. Accounts Payables (These are Vendor Payments, owed to vendors, for goods bought/services received on credit). Capital Expenditures(Purchase of Equipments) Borrowings/Debt Servicing. It is worthy to note that your Cash Flow originates from 3 Basic Operations: a) Cash Flow from Operations b) Cash Flow from Investing c) Cash flow from Financing Most Business Owners have problems with Understanding their Cash Flow because of the following facts: a) A Profit or Loss in a Business does not equal Cash Flow. b) An Increase in Cash in your Business is not always good. c) A Decrease in Cash is not always bad. Many Business Owners have problems understanding and interpreting their Cash flow, because of the technicalities involved; but I want to challenge you today, to take the simple test below, write down your answers and put it into practice, and watch your business grow; I bet you will be so thankful for this enlightenment: Focus on the TOP 3 changes in your Cash for the Month. Decide whether each change is good or bad. Write one line description of each change and look at the effect, it has on your Business. Once you are able to prove the effect of the change in your Business, hold on to the result and use it as a base, in your Decision making. By doing this exercise periodically, you will have a better grasp of your cash flow, and see its effect on your Business growth.  I will like you to try this exercise and forward your feedbacks. In my next article, I will be giving you tips on how to effectively manage your Cash flow in your Business. Please feel free to contact us, if you will need further help in understanding your Cash flow and producing your Cash Flow Report. We will love to help you. Remember: The best time to take control of your Cash Flow is RIGHT NOW.