[social_share style="square" align="horizontal" heading_align="inline" text="" heading="" facebook="1" twitter="1" google_plus="1" linkedin="1" pinterest="1" link="" /] [vc_row][vc_column][vc_column_text]bookkeeping tipsReconciling your company bank statements does not have to be an onerous chore. Of course, it’s much easier to track customer payments by credit card or check. But what about reconciling your bank statements when it comes to cash receipts?

  [caption id="attachment_2355" align="alignright" width="300"]business valuation Rules of thumb may be easier, but considering factors such as cash flow and risk lead to a more accurate business valuation.[/caption] From time to time, I receive a call from someone who wants me to tell them the value of a business that they want to buy or sell. They provide a few items of information, such as last year’s sales or net income and expect that I will apply a multiple to quickly and easily come up with a value*. What they are asking me to do is apply a rule of thumb.