3 ms·
Yep. I had a long debate with an accountant, regarding what I should primarily manage. Being bootstrapped I mostly manage cash-flow and made the mistake of say
by ismail 7y ago
Yep.
I had a long debate with an accountant, regarding what I should primarily manage. Being bootstrapped I mostly manage cash-flow and made the mistake of saying “profit is made up”. That got him real worked up.
My point was we derive profit. The actual transactions are in the cash-flow statement which does not lie.
- hisnameismanuel 7y agoAs they say... Revenue is Vanity Profit is Sanity Cash is Reality
- barrkel 7y agoYou can hang on to a lot of cash while making lots of promises, and bankrupt a company without spending a penny. I know you know, but it's a real problem with a lot of small operations getting their accounts done; they think they're in the black due to a bank balance, but when the accountant sees the books, things aren't so rosy.