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One blog post closer to clean books.
Each blog post from the Castle team is packed with practical tips, real-world experience, and clear answers to common bookkeeping questions. Whether you're sorting expenses or planning for tax time, you'll find guidance to help you run your business with clarity and confidence.
Terms of Service
Welcome to Castle! These terms of service outline the rules and regulations for the use of our bookkeeping services.
By accessing this website and using our services, you accept these terms and conditions in full. Do not continue to use Castle services if you do not accept all of the terms and conditions stated on this page.
Castle offers professional bookkeeping services including transaction categorization, reconciliations, financial reporting, GST/HST filing, and other related services as agreed upon with the client.
2. Billing and Payments
All services provided by Castle are billed on a recurring basis unless otherwise
agreed upon. Payments are due upon receipt of invoice. We accept payment via credit card, debit card, and electronic funds transfer.
3. Cancellation and Refund Policy
Clients may cancel services at any time by providing 30 days’ notice in writing or via email. Refunds for prepaid services will be prorated based on the remaining unused portion of the services.
4. Privacy Policy
Our privacy policy outlines how we collect, use, and protect your personal information. We do not sell or share your information with third parties without your consent, except as required by law.
5. Liability
Castle will perform all services with reasonable care and skill. However, we do not accept liability for losses resulting from acts of nature, third-party errors, or misuse of financial information or reports by the client.
6. Amendments
Castle reserves the right to amend these terms of service at any time. Amendments will be effective immediately upon posting on this website.
7. Contact Us
If you have any questions about this privacy policy or our privacy practices, please contact us at:
Castle
316 1st Ave NE
Phone: 587-872-0602
Email: info@bookwithcastle.com
One blog post closer to clean books.
Each blog post from the Castle team is packed with practical tips, real-world experience, and clear answers to common bookkeeping questions. Whether you're sorting expenses or planning for tax time, you'll find guidance to help you run your business with clarity and confidence.
Bookkeeping for Small Business Owners — Part 14
Cash Flow Management: Keeping Your Business Alive and Thriving
You can be profitable on paper and still struggle to keep the lights on. That’s because profit and cash flow aren’t the same thing. Managing cash flow — the money actually moving in and out of your business — is what keeps your operation running smoothly day-to-day.
Why Cash Flow Matters
- Covers your obligations — Rent, payroll, suppliers, and loan payments don’t wait.
- Prevents surprises — A cash crunch can derail even a healthy business.
- Supports growth — Positive cash flow gives you room to invest in new opportunities.
How to Stay on Top of It
- Track inflows and outflows regularly — Not just monthly, but weekly if possible.
- Watch receivables — Follow up quickly on late invoices. The longer you wait, the harder it is to collect.
- Plan expenses around income — Align big purchases or investments with times of strong cash inflows.
- Build a buffer — Keep at least one to three months of operating expenses in reserve.
Tools That Help
- Cash flow statements — Show you whether money is coming from operations, financing, or investing.
- Forecasting tools — Project when shortfalls may happen so you can act early.
Pro Tip
Don’t confuse profit with cash. A sale booked today doesn’t help you until the payment clears. Real stability comes from watching timing, not just totals.
The Big Picture
Cash flow is the lifeblood of your business. By monitoring it closely and planning ahead, you protect yourself from shortfalls and position your business to grow sustainably.
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