Does your company post a profit? Even with profits, cash flow is an entire different animal. Often ignored, but of great importance to the operations of any business, cash flow monitoring is the best test to determine whether your company is reaching its full potential.

One of the best ways to increase sales is to extend credit terms to your business customers. Companies that extend credit have an average of 37% higher revenues than companies that do not. Extending terms to your customers allows them to be flexible with their payments and pay you in accordance with their individual cash flows.

Along with the income statement and statement of cash flows the balance sheet is one of the three primary financial statements used by businesses to evaluate the financial health of a company.

Without the use of purchase orders within an organization expenses can quickly get out of control. The use of such a form allows you to know exactly what is purchased when and by whom.

All public companies and many private companies as well, undergo an annual financial statement audit; the culmination of which is an audit report. The audit report gives an opinion of an outside accountant on the overall financial condition of the company.

Many companies generate and keep historical financial statements, but very few develop a working set of pro forma financials. Pro Forma financial statements are designed to give you a look at the projected, future financial statements of a company.

Shipping, it's how goods get from one place to another. A bill of lading is an essential document to the transport of goods; documenting the specifics, measurements, and values of the cargo as it travels from one shipping point to the next.

Using a durable power of attorney to grant another person the right to act on your behalf should you become incapacitated is a great way to protect yourself, your family, and estate.

Whenever you need to grant another entity or individual certain rights and privileges to act on your behalf it is imperative to execute a written power of attorney…not doing so could be disastrous.

Want tax benefits for your estate? Want to protect your assets? An irrevocable trust agreement can do both and more.