A cash flow analysis allows businesses to understand their financial health and adjust accordingly. Put this practice in place to ensure that your business remains a powerful presence in the marketplace long-term.
To run your business smoothly, it’s crucial to have a working understanding of your company's assets, liabilities, revenues, debts, and expenses. The ideal tool for that is a general ledger, which enables you to track those metrics and provides a baseline for your financial reporting.
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Novo is a financial technology company, not a bank. Banking services are provided by Middlesex Federal Savings, F.A.; Member FDIC.