Welcome to my blog page where we talk about all things accounting and finance! Once a week, I drop something new to my list of subscribers (FOR FREE) to help them learn more about things like Treasury, AR, AP, Cash Flow, Bookkeeping, and MORE!
Can’t wait for you to join others who read Cash Flow Chronicles weekly!
Newsletters I Recommend!
I love to read other business newsletters and want you to have access to them too! So here’s a list I recommend you check out and subscribe to! Simply click on the images below to be directed to their page and check out articles and subscribe!
How To Analyze Processes & Procedures
As the new year begins, it’s the perfect time for business leaders to evaluate their processes and procedures to ensure smooth operations and alignment with organizational goals. Deep Dive into Key Business Areas Review core financial processes to identify inefficiencies and opportunities for improvement: Receivables: Ensure invoices are issued promptly and follow-ups for overdue payments…
Learn About SMB Financing Here!
Small businesses often need extra capital, but choosing between a business line of credit and a traditional bank loan can be challenging. Each serves a different purpose, and understanding the key differences will help you make the right decision. So here’s a few things to consider as we work through the first month of the…
How to Scale Your Accounting Process with AI
Here we are already in a new year! WOW the time really flies when you’re having fun, right?! Alright, before we get rolling here in 2025 discussing AI please do me a favor and as you read through share my newsletter to your social media pages, to friends, etc. Artificial Intelligence (AI) is no longer…
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How To Create A 13 Week Cash Forecast
What does your forecasting look like on the cash side? Does it exist? Do you know what to look for or what to have in place? Let’s dive into that today and help you prep for 2025! Without a clear picture of your incoming and outgoing funds, it’s easy to be caught off guard by…
How To Leverage Treasury Solutions
We’re back and discussing Treasury management this week and why it’s important for you and your team. Do you have a preference on next week’s topic? What would help you out? Treasury management is a critical function in any business, but for small and medium-sized businesses (SMBs), it can be a game-changer. It’s more than…
Here’s How To Use A Financial Dashboard
Running a small business without a financial dashboard is like driving blindfolded….It works out great, right? To navigate effectively, you need clear, actionable data at your fingertips. A dashboard consolidates critical metrics, giving you the insights needed to make smarter decisions and stay ahead of challenges. This is one of the first things I’d implement…
🎯 How To Increase Forecasting For Your Business
Have you ever wondered why your monthly cash forecasts aren’t aligning with reality? 📉 That was the case for one of our clients—they were consistently missing their cash flow forecast by 15-20%…ouch. The kicker? They couldn’t pinpoint why. Let me share how we turned this situation around and helped them regain control of their finances quickly.…
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Did You Know I’m Offering 25% Off ALL Services?
🌟 Happy Small Business Saturday! 🌟 Today’s the perfect day to celebrate the heart of our economy—small and local businesses like yours and mine! 💼✨ When you support small businesses, you’re not just buying a product or service—you’re fueling dreams, creating jobs, and building stronger communities. 💪🏡 As the founder of Guernsey Consulting LLC, I’m…
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Is Your AR Process Holding Back Your Growth? 📊💼
We are discussing some tips to better manage AR and why those not managing this properly could be leaving thousands or even MILLIONS of dollars tied up on the Balance Sheet each month. Keep Your Cash Flow Moving with Strong AR Practices Accounts Receivable (AR) represents the lifeblood of your cash flow. It’s the money…
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Small Business Budgeting Made Simple! 🎯💡 Learn How Here
Hello, Cash Flow Chronicles Community Member! As you know, we did a slight rebrand of the newsletter to align with our online community! How exciting, right?! As noted last week, I lowered the price point for the online community so please take a look and consider joining! Especially you small business owners who have 0…
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How To Maximize Your AP and AR
Hey There!🖐 Glad to have you back and ready to take action to improve your business finances. Managing cash flow effectively is a critical pillar for any business’s success. Whether you’re a small business owner, finance manager, or CEO, a smooth flow in both Accounts Payable (AP) and Accounts Receivable (AR) can strengthen your company’s cash position. But what’s…
Proven Strategies to Boost Cash Flow and Minimize Risk
Timely collections are critical to maintaining a healthy financial position while minimizing risk. As leaders, it’s crucial to strike the right balance between securing your cash and maintaining strong relationships with customers. In this edition of The Bottom Line, let’s dive into five best practices for collections that will help you collect cash on time…
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How To Master Accounts Receivable
Accounts Receivable (AR) is one of the most critical components of managing cash flow and ensuring the financial stability of any business. It represents the money owed to your company by customers who have purchased goods or services but haven’t yet paid. Effectively managing AR is key to maintaining strong cash flow and minimizing financial…
Do You Know How To Create Excess Cash Flow?
What happens when your company starts generating more cash than is necessary to cover its operating expenses? This surplus is what we call excess cash flow. It’s a sign of financial strength and, when managed effectively, can significantly boost your business’s success and sustainability. If you aren’t quite there yet, keep reading. We’ll get you…
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Are You Leaving Money On The Table For Your Business?
We recently wrapped up an 8-week series on Cash Management solutions. I hope all of you found some value in those discussions and took some details back to make improvements within your business. Credit was something that I was asked to discuss in more detail next so here we go! I have had a hand…
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How To Manage Cash Flow For Your Small Business
Welcome back for week 6 of 8! This week we are going to discuss more about Cash Flow Optimization. I will be traveling 9/1, so we are sending out slightly early on Saturday! Tracking & Understanding Managing AR & AP Inventory Management Expense Management Leveraging Financial Options Cash Flow Optimization Cash-Savvy Culture Proactive Approach Cash…
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Choosing The Right Financial Options To Maximize Cash Flow
Grab a cup of☕! Welcome back for week 5 of 8! This week we are going to discuss more about leveraging financial options. Tracking & Understanding Managing AR & AP Inventory Management Expense Management Leveraging Financial Options Cash Flow Optimization Cash-Savvy Culture Proactive Approach Small businesses often face unique financial challenges, such as limited access…
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How To Manage Business Expenses
Welcome back for week 4 of 8! If you missed the prior week’s editions you can access them directly below by clicking the blue wording. The 8 part series will cover the following: Tracking & Understanding Managing AR & AP Inventory Management Expense Management Leveraging Financial Options Cash Flow Optimization Cash-Savvy Culture Proactive Approach Expense…
How To Manage Your Inventory To Maximize Cash Usage
Welcome back for week 3 of 8! If you missed the prior week’s editions you can access them directly below by clicking the blue wording. The 8 part series will cover the following: Tracking & Understanding Managing AR & AP Inventory Management Expense Management Leveraging Financial Options Cash Flow Optimization Cash-Savvy Culture Proactive Approach One…
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How To Manage Your Cash Flow Closely This Year
Whether you are an established business or a brand new entrepreneur trying to figure things out, managing cash is something we all must focus on in order for our business to be successful. That’s why we are starting an 8 part series where we are discussing various aspects of managing cash flow. So buckle up…
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SAVE BIG With Our Credit Services!
As you know, we will be doing FLASH SALES randomly during the year! This is your Q3 notice that now through 8/31/2024 I will offer 20% off of our Credit Analysis services. Our rates are already super competitive, meaning you are going to get major savings for amazing services! A few hours of time with…
How To Conduct Credit Analysis For Your Business
Millions are lost by companies who aren’t properly managing credit or onboarding customers the right way. If you have a lax process or no process at all, you’re exposing your business to potential financial risk and loss. What are you taking action on today to make a difference or are you ok with that? Let’s…
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Cash Planning, NEW Community, and How You Get Involved!
Happy Saturday! To set the stage for today, listen to this 1 minute YouTube Short from me discussing Cash Flow! https://www.youtube.com/shorts/YZhLxLoVnzo This week we are going to cover cash flow planning and the 13 week cash flow file. We are at the end of Q2 which is a great time to evaluate where your business…
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How To Manage Bookkeeping The Right Way
Happy Sunday! I hope you all have had a great week and weekend! Not sure where you are reading this from, but our area is super HOT right now so we are taking advantage of the pool and staying inside in the cool when possible. This week I wanted to touch on a subject that…
What Accounting/Finance Courses Would Help You & Your Business?
Click the image above to go VOTE! I need your help and would love your feedback on what information you would like to receive in the form of a course offered through Guernsey Consulting. Email feedback is also perfectly fine so here’s a list of what we are potentially looking into to help you, your…
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How To Collect Receivables More Timely
Happy Sunday! This week we are still on the topic of receivables. Your team (or you) that collects cash for your business plays a very important part in the cash flow process. Failure to train these team members can be a big setback for your business and put your business in a tough spot if…
20% Off AR Services Now Through 7/5/2024
SPECIAL EDITION COMING YOUR WAY! We will keep this one short and sweet. I wanted to reach out to everyone here and make sure you know from today through 7/5/2024 I am offering 20% off of my Accounts Receivable services. Being able to collect and put money back into your business at a quarter-end is…
Here’s How To Budget For Your Business To Grow In 2024
Happy Sunday! I hope everyone enjoyed the shorter work week and was able to reflect and relax on Memorial Day. I spent part of Saturday and Monday at a younger cousin’s baseball games which was a blast. It was sectional time so it’s win or go home. He also hit a homerun on Saturday that…
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How To Embrace AI In Business
Happy Sunday! This week we are going to dive a little more into how Artificial Intelligence is changing the game for some accounting/finance leaders. For those who have embraced AI, let us know in the comments what has worked well for you. For those brand new to AI in business, this post should help give…
Why Is Customer Analysis Important To Financial Risk?
In the fast-paced world of business, a steady stream of cash flow is the oxygen that keeps your company breathing. But what happens when customer payments slow down, or unexpected credit risks emerge? This is where credit analysis becomes especially important and an area that shouldn’t be overlooked. Credit Analysis: Beyond the Credit Score Credit…
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How To Plan Cash Flow For Your Business and Maximize Profits
Happy Sunday! Effective treasury cash flow planning is crucial for the success and stability of any business. Cash flow is the lifeblood of a company, impacting everything from daily operations to long-term growth. Without proper planning, businesses risk facing financial instability, missed opportunities, and even failure. In this week’s edition of The Bottom Line, we’ll…
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My Automation Musts For New Business Owners
In today’s fast-paced business environment, efficiency is king… Who am I kidding, we all know in the finance world Cash is King! But I do have to say automating and improving efficiency makes that cash come a lot easier. Manual tasks slow you down, create bottlenecks, and leave room for human error. But what if…
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How To Manage Your Accounting Team
The accounting world thrives on precision and efficiency. Numbers dance across spreadsheets, reports tell financial stories, and deadlines tick relentlessly forward. But within this fast-paced environment, a hidden danger lurks: workload imbalance. Imagine Sarah, your star accountant, drowning in a sea of spreadsheets and reports. New tasks pile up on her desk faster than she…
Bookkeeping Explained To New Business Owners
Guernsey Consulting LLC 2024 Every entrepreneur knows the importance of a solid business idea and relentless drive. But what about the financial backbone of your venture? Strong bookkeeping practices are essential for understanding your business’s health, making informed decisions, and ensuring tax compliance. Yet, for many small business owners, bookkeeping can feel like a daunting…
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Want To Know How To Be Proactive
The Cash Flow Cure: Why Proactive Receivables Management is Your Secret Weapon In the whirlwind of running a business, keeping a steady stream of cash flowing can feel like an ongoing battle. Let’s face it, outstanding invoices are like money locked away in a vault – you know it’s there, but you can’t access it.…
How To Setup Your QuickBooks Dashboard
This week will be a little bit of a change from our normal content, but I wanted to start diving into some more specifics vs larger department overviews. So, this week we are going to cover a few things I feel are critical that you should be analyzing and reviewing often in QuickBooks. If you…
Receivables Management Best Practices
Effectively managing your receivables is a game changer for small businesses and this week I’m giving away some key strategies to help you in 2024! Join us as we cover five actionable strategies designed to enhance your receivables management, ensuring a healthy cash flow and sustained financial vitality. 💸✨ Below are various ways you as…
Close The Books? Use QuickBooks?
Closing your books in QuickBooks each month is not just a routine task—it’s a strategic process that fuels informed decision-making and business growth. By ensuring accurate and timely bookkeeping, you pave the way for insightful financial analysis and effective planning. What does your closing process look like currently? Do you have one? Managing your books…
Statement of Cash Flows Analysis
We are on the last financial statement discussion this week so I hope the last 3 weeks have been beneficial to you, your team members, and your business! Looking ahead, feel free to message me any topics that you want covered. Whether it’s cash flow related or how to build out a report for one…
Balance Sheet Overview
I hope you had a great week and your February has been going smooth. This week we are going to look more into the Balance Sheet and try to help each of you better understand this financial statement. Did you miss last week’s discussion on the Income Statement? If so, here’s a link to take…
Income Statement Overview
This week, we are going to dive into the Income Statement and what it means for your business! We will just be skimming the surface here, but after reading the below I’m positive you will feel more comfortable running the Income Statement and analyzing it for your business. An Income Statement, often referred to as…
Here’s How To Manage Cash Flow
We are back for another edition of The Bottom Line and this week we are talking about one of the most important aspects of business, Cash Flow Management! Whether you are a small or large business, these are 5 areas that have proven time and time again to benefit businesses when it comes to managing cash flow.…
Customer Vetting and Analysis
This week’s edition of The Bottom Line we will be discussing why it is important to properly analyze new customers when establishing them in your system to do business with. Regardless of relationship with the business or owners, you still need to make sure you protect your own business when it comes to risk. If you are…
Bookkeeping Matters For Your Small Business
Join us this week as we unravel the key reasons why bookkeeping, especially on a monthly basis, is so important for informed decision-making, financial health, and long-term success of your business. 📚💼 If you are newer to maintaining books for a business, let me help you stay on track by assisting with your monthly bookkeeping.…
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Here’s How To Maximize Your Payables Strategy
When it comes to managing payables, I’ve found the below super helpful! I have been a little MIA this past week as our family took the week and traveled down to Don Pedro Island in Florida. If you have never been here, I highly suggest this location if you travel for vacation and want an…
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Cash Flow Management Tips You Need To Implement Now
Mastering cash flow is crucial to financial resilience and sustained growth. Join us for this week’s newsletter as we look into five comprehensive strategies designed to amplify cash inflows and exert control over outflows, ensuring your business thrives in the ever-changing landscape. We had quite a few ask recently about receiving more information on better…
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