FINANCE
ISSUES - SOLUTIONS/TOOLS
Expenses are outpacing revenues
I am not sure if I am profitable?
Build statements from scratch and create customized template to register information in easy to read way
Seek guidance on how to ensure PPP funds are maximized for forgiveness
Obtain TAP expert advice and utilize TAP PPP Forgiveness Tracker
Unsure when to re-hire back furloughed employees
Understand impact of unforgiven portion on TAP Income Statement
Having trouble breaking even/making a profit
Revenues are declining
Cash flow is negative at different points of year
Expenses are outpacing revenues
- Leverage TAP Income Statement template to identify opportunities for expense reduction
- Create customized COGS By Product worksheet and focus selling higher gross margin items
I am not sure if I am profitable?
Build statements from scratch and create customized template to register information in easy to read way
Seek guidance on how to ensure PPP funds are maximized for forgiveness
Obtain TAP expert advice and utilize TAP PPP Forgiveness Tracker
Unsure when to re-hire back furloughed employees
Understand impact of unforgiven portion on TAP Income Statement
Having trouble breaking even/making a profit
- Create Cash Flow and analyze fixed and variable expenses
- Analyze price increase, research industry pricing with Competitive Analysis. Develop TAP Pricing Sensitivity Template and test pricing strategy.
Revenues are declining
- Research industry and customer trends. Brainstorm revenue generating opportunities and prioritize with TAP Opportunity Analysis Template
- Compare your business' value vs price to see why customers are leaving you, using TAP's Competitive Analysis Visual Quadrant (this is the dowloadable tool from Chase)
Cash flow is negative at different points of year
- Modify mix of product/service offerings to ensure steadier cash stream.
- Use Visual Cash Flow Tool to see sensitivity of moving outflows later and pressing for inflows sooner
Services available in Spanish. Servicios en Español.