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Maximize Cash Flow in Manufacturing: QuickBooks Guide - Diane Gilson

*Maximize Your Cash Flow in Manufacturing with Our QuickBooks Guide* Discover the secrets to aligning your manufacturing business's cash flow with its profits in this comprehensive QuickBooks guide by Diane Gilson from Info Plus Accounting. If you've ever wondered, "I'm making a profit, why don't I have any money?" you're in the right place. This video demystifies the discrepancies between accrual-based financial statements and actual cash in your bank, offering practical solutions for construction and manufacturing businesses. *About Diane Gilson* Diane Gilson, a leading authority in accounting and financial consulting for the manufacturing and construction industries, brings her expertise to this session. With years of experience in developing and implementing job-cost solutions in QuickBooks, Diane offers insights that can transform the way your business handles its finances. *Why This Matters to You* Understanding and managing your cash flow is crucial, especially in the manufacturing and construction sectors where timing differences between earning revenue and receiving cash can significantly impact operations. This video guides you through setting up and interpreting critical reports in QuickBooks to ensure your financial success. *Video Overview* *Introduction to Cash Flow vs. Profit* Understand why your accrual-based profit and loss reports might not reflect your bank account balance and how cash flow plays a crucial role in your business's financial health. *Sources and Uses of Funds* Dive into the basics of accounting with a simple quiz designed to test your understanding of cash flow concepts, including increases in accounts payable/receivable and the impact of purchasing equipment on your financials. *Leveraging QuickBooks for Better Insights* Learn how to utilize QuickBooks reports, especially the Statement of Cash Flows, to get a clear picture of your business's cash movements. Discover how adjusting your balance sheet view can reveal significant insights without the need for additional data entry. *Practical Solutions and Tools* Diane provides a cheat sheet to simplify the process of analyzing your cash flow, ensuring you can easily identify sources and uses of funds in your business activities. Next Steps: *Subscribe* to our channel for more insights into construction accounting and job-cost solutions. *Visit* https://buildyournnumbers.com for in-depth resources, training, and support. *Call* us at 734-544-7620 for personalized advice and solutions tailored to your business needs. #AccountingManagementTutorial #JobCost #CashFlowAnalysis #CashFlowTutorial #CashFlowReport #ManagingCashFlow #FinancialAccounting #JobCost #QuickbooksCashFlowManagement #ConstructionFinance CHAPTERS: 0:00 - Intro 0:26 - Accrual Financial Statements vs Bank Accounts 1:58 - Understanding Sources and Uses of Funds 4:54 - QuickBooks Reports for Cash Flow Analysis 7:48 - Solving Cash Flow Issues in Construction Do you need to know more about your numbers -- and how to use that information to increase company profitability? For more information about our month-to-month subscription-style, self-study, online QuickBooks job-cost training program, click here: https://buildyournumbers.com/your-gui... _______________________________________ **Click to SUBSCRIBE for More Videos:    / @buildyournumbers   _______________________________________ Diane Gilson Trainer, product developer, author, multi-certified accountant, and ProAdvisor specializing in QuickBooks and job-cost solutions for construction and manufacturing, sharing tips, hints, insights, and techniques that will make you a faster and more efficient QuickBooks user, so you can create data that helps build your profits. https://buildyournumbers.com/ Get your Free SOLUTIONS newsletters & 13 COMMON QUICKBOOKS MISTAKES Videos! https://buildyournumbers.com/ Connect on Linked In:   / info-plus-accounting-inc-   Connect on Facebook:   / infoplusaccounting   _______________________________________ Series Overview: Useful, accurate management accounting reports are vital to running a successful business. We'll help you explore and understand how the structural components in QuickBooks are used to build your customized management accounting reports. Plus, if you have a construction or manufacturing business, you'll also find insights based on our many years of specialization in your industry. Copyright 2024, Info Plus Accounting, Inc. All rights reserved. https://buildyournumbers.com/ Expert QuickBooks and Job-Cost Solutions for Construction and Manufacturing Companies with Diane Gilson of Info Plus Accounting, Inc.