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Here’s a hard truth every business owner learns eventually: cash and profits aren’t the same things. You can have a thriving business on paper, with growing revenue and happy customers, but still find yourself scrambling to make payroll or pay your suppliers. Why? Because cash—not profits—is what actually keeps your business running and growing strategically. […]
Choosing the right business planning software is crucial for entrepreneurs and small business owners looking to launch or grow their ventures. In this detailed comparison, we’ll examine LivePlan and Venturekit, two popular business planning platforms that help users create professional business plans and financial forecasts. While both tools aim to simplify the business planning process, […]
“Deep Research” is a feature for paid ChatGPT and Google Gemini subscribers that takes whatever question or project that you have and then scours the web (and presumably their own data sets) for answers. Both tools then assemble a detailed, multi-page report on their findings, including citations, links to source materials, and conclusions. While not […]
All business owners who are working hard to grow their businesses are more than aware of the constant battle against inefficiency and waste. There’s that subscription service that you’re no longer using, or a business process that just isn’t running as efficiently as possible. Every business has waste and inefficiencies that are slowing down growth. […]
Successful business owners have one thing in common—They actively track metrics to achieve their goals. Learn what metrics to track with our full guide.
Sales forecasting doesn’t have to be hard—and you are the most qualified person to do it for your business. Here’s how to do a sales forecast in a few simple steps.
Learn to run a cash flow analysis and understand how healthy your business is by asking five simple questions about your cash flow statement.
Learn how to create, read, and understand your cash flow statement with an overview of every section and tips when reviewing.
![What is Accounts Payable (AP)? [Definition + 4 Ways to Reduce]](https://web-cdn.liveplan.com/liveplan/content/uploads/2019/02/17142349/What-is-Accounts-Payable.png?format=auto "What is Accounts Payable (AP)? [Definition + 4 Ways to Reduce]")
Accounts payable is the total of the bills that you have to pay, but that you haven’t paid yet. Here’s why accounts payable matters for your business, and how to manage it.
![What Is Accounts Receivable (AR)? [Definition + 6 Ways to Improve]](https://web-cdn.liveplan.com/liveplan/content/uploads/2020/07/17153100/What-is-Accounts-Receivable_.png?format=auto "What Is Accounts Receivable (AR)? [Definition + 6 Ways to Improve]")
Accounts receivable (AR) is money your customers owe you for products or services that you have sold. Find out why AR is important and how to track it.