This is probably the number one thing that trips up small business owners. You sit down to review your numbers, the P&L looks decent, maybe even good, and then you glance at your actual bank balance and feel like something is deeply wrong.
Most business owners track revenue. Some track profit. Very few track actual cash flow. And that is where the trouble starts.
You started your business because you are great at what you do. Maybe you run an HVAC company, a plumbing operation, or another service business that keeps your community running. What you probably did not sign up for was spending nights and weekends buried in receipts, bank statements, and spreadsheets.