The LivePlan Blog

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.

2019 is off to a great start at LivePlan—our team has been busy adding new features. Now, it’s easy to export your business plan into a professionally-designed Word document, view your payment history, get copies of billing receipts, and access nine helpful new in-app videos.

The balance sheet is the most misunderstood financial statement—which is problematic because it is also one of the most useful. Here’s why the balance sheet matters, and how to read and create one.

So, you got funding for your business—congratulations! Now, how are you going to use that money? Since there are so many ways to use funding, it’s important to keep track of your funding with use of funds reporting. A use of funds report is a simple statement of why you need the funding, and how it will help your business.

Congratulations—you put a lot of research and thought into writing your business plan, and it’s finally finished! But now what? Here’s what to do once your business plan is finished—and how to turn that finished business plan into strong business management habits.

When you’re building your financial forecast for your business plan, there’s nothing more important than your cash flow forecast. Here’s what to watch out for when you’re forecasting your cash flow.

Cash flow is critical to running a business. Without money in your bank account, you can’t pay your bills. Find out how to calculate and improve operating cash flow.

Do you have potential sales stuck in limbo? The underlying problem often isn’t what you might assume. It’s not that you or your team aren’t turning prospects into clients—it’s that your process allows too much bloat in the sales pipeline.

Profit margin (also called operating margin) shows how much profit your business makes on every dollar of sales, before paying interest payments or taxes. It is usually expressed as a percentage. Here’s why it matters, and how to calculate the profit margin for your business.

You’ve built your business idea into a scalable, high-growth potential startup. You’ve demonstrated some initial traction in the marketplace, and now you’re seeking your first round of funding. Here’s what to include in your pitch to investors, and how to create a business plan that will help you get investment.