by First Bank of the Lake | Oct 11, 2024
Keep Cash Flowing Smoothly Through Your Business Of all the important measurable metrics, a business can live and die on cash flow as readily as any other. If you don’t have enough liquid capital on hand, you could struggle to pay your bills and your employees on...
by First Bank of the Lake | Jun 19, 2024
Use These Tips When Deciding How to Use Your Business Credit Card You’re holding the bill as you reach for the business credit card in your wallet. Do you charge the expense to your company’s line of credit or use your personal card? This can be a tricky judgment to...
by First Bank of the Lake | Dec 8, 2023
Setting the Stage for Success With the holiday season around the corner, small business owners are not only gearing up for celebrations but also getting ready to conclude their fiscal year. Year-end financial planning is important for businesses of all sizes, to...
by First Bank of the Lake | Aug 1, 2023
Income Statements Are a Key Indicator of Your Financial Status Profit and loss statements, also called income statements, are a key indicator of your company’s financial well-being. This document should contain a summary of the revenues, expenses, and costs of doing...
by First Bank of the Lake | Feb 24, 2023
What are some early indicators of trouble? Every entrepreneur wants their business to flourish — and to achieve that goal, it’s important to be aware of the signs that your company is struggling. Here’s a look at four factors that indicate your company has to address...