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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 19
Managing Cash Flow Like a Pro
For small business owners, profit on paper doesn’t always equal money in the bank. Cash flow is the real lifeblood of your business — it determines whether you can pay your bills, make payroll, and invest in growth. Understanding and managing cash flow is just as important as tracking revenue and expenses.
Why Cash Flow Matters
- Bills don’t wait — Even profitable businesses can fail if cash isn’t available when needed.
- Seasonality — Many industries face highs and lows; cash flow planning helps you ride the dips.
- Growth costs money — Expanding often requires upfront spending before the revenue comes in.
How to Improve Cash Flow
- Invoice promptly — Don’t delay sending invoices; the sooner you bill, the sooner you get paid.
- Set payment terms wisely — Shorter terms (e.g., Net 15 instead of Net 30) keep money moving faster.
- Follow up consistently — Gentle but firm reminders reduce overdue accounts.
- Build a buffer — Keep a reserve fund for unexpected expenses or slow months.
- Monitor regularly — A monthly cash flow statement shows where money is going and highlights gaps early.
Pro Tip
Consider offering incentives for early payments (like a small discount) and charging late fees when necessary. Small tweaks to your payment process can make a big difference in keeping cash flowing smoothly.
The Big Picture
Cash flow is about timing, not just totals. When you align income with outgoings and keep a close eye on the movement of money, you’ll avoid unnecessary stress — and keep your business financially healthy.
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