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Due to the closing of many establishments in hopes of slowing the spread of the coronavirus, many people are trying out a lifestyle they had never taken part in before - working from home. Under different circumstances, working from home is considered lucky, but it’s hard to feel that way when there is a global pandemic underway. If you are fortunate enough to be able to continue your work from home, the following are some ways to help you adjust to the change and to maintain productivity:

Have you considered outsourcing before? If not, don’t dismiss it just yet. Outsourcing is a convenient, effective way to make sure the work for your business is getting done and being done well. You can rest easy knowing you’re handing your work off to someone who is an expert in the field. When exactly is the right time to outsource your bookkeeping? You’ll find the answer in your own day-to-day work life. 

Let’s talk cash flow statements. When is the last time you looked at one for your company? If you’re cringing right now because you just can’t remember, it’s time to change that. Your cash flow statement, or statement of cash flows, shows you where your money is going. The money coming in, the money going out. It’s vital to know where the company’s money is going, and where it’s coming from. 

Your cash flow statement is based on cash basis accounting rather than accrual, which means you will record every time money is exchanged. Always keep in mind that your cash flow is not the same as your profit and vice versa. The relationship between the two will vary from business to business, and fluctuations will occur due to the type of business. For example, cider mills will see fluctuations in their cash flow because they’re a season business. 

Doing the same thing day after day can become monotonous and boring, but carrying around a negative attitude can be detrimental to your business. The 9 to 5 life may not be thrilling, but how much harder are you making your job just by having a poor mindset? 

Let us ask you this: Would you rather be the positive light in the office, or the negative shadow? You can bring light to your workplace or you can carry around a dark cloud always on the brink of a torrential downpour. It’s up to you.