When Patrick and I joined Entrepreneur First’s BE6 cohort last year, we quickly encountered a problem: Finance teams of startups and SMBs are buried in spreadsheets, legacy banking portals, and disjointed software solutions. Financial statements are pulled together manually and often delivered late after closing the books by an accountant…
If you haven’t heard, it’s the 21st Century, and technology and the internet have “levelled the playing field” in a variety of ways, and perhaps one of the most powerful of these is access to automation. Automation simplifies all areas of a business by automatically accomplishing tasks that you or…
What is a balance sheet?
The balance sheet together with its income statement and cash flow statements make up the company’s financial statements and paint a clear picture of how well it is performing. A balance sheet gives a snapshot of your financials at a particular moment, incorporating every journal entry since your company launched…
Airbank ist seit 1. September außerordentliches Mitglied im Ostdeutschen Bankenverband und wird Teil der zukunftsträchtigen Berlin Finance Initiative, welche die Bank- und Finanzindustrie mit Berliner Technologie-Playern verknüpft.
Airbank ist eine innovative Finanzmanagement-Plattform für KMUs und Startups, die alle Konten von Unternehmen, sowie eine Vielzahl weiterer Finanzdaten an einem Ort vereint…
- Cash flow definition
- How to understand cash flow?
- What if I have a positive cash flow?
- What if I see a negative cash flow?
- Why do I need to calculate my cash flow?
- How do I calculate operating cash flow?
- Using a cash flow management tool
Whether you’re an entrepreneur…
What we stand for and how we express it
Design is not the art of making things beautiful; it’s the science of making them invisible.
Invisibility is the utmost efficiency a service can achieve, when it becomes so seamless that users forget it even exists. …
Building your own cash flow statement is a powerful method to identify your top business priorities. It reminds you of how much money you have available in each expense category; it’s easy to spot red flags and to see trends in your spending habits that you might want to change.
Two methods to build a cash flow statement
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Cash flow statement definition
Cash flow statement is the difference between money in and money out of your business. You get this data from listing all your movements of your bank accounts and adding contextual details from your accounting.
Cash flow reports are crucial for any business to do well. Cash forecasts, debt capacity…
Open Banking — the concept of financial institutions such as banks opening up their data for secure, third party access — has been a much-discussed pathway to financial services innovation for years.
Historically, access to bank account information was limited only to the banks that kept this information. With open…
Every day, more than 170 million Single Euro Payments Area (SEPA) payments and 240 million card payments are sent in Europe. And every day, millions of finance and accounting professionals try to make sense of those payments, asking what they were, why they happened, and how to book them.
To…
