Cashflow: Likely, the biggest reason businesses fail because they find out, too late, they don’t have enough money to cover their basic expenses. Wouldn’t you rather foresee this so you have time to weigh your options? Set up a line of credit, or ensure specific clients are communicated with regularly so they pay on time.…..
Expense (Outflow) Reports: Know who you are going to owe before months end, and how much.
Income (Inflow) Reports: Know what revenue stream is generating the most income and always know exactly what you’ve made each month (or for the year).