Tracking Money | Caribbean Business and Money

A modern look at how business and money moves across the Caribbean.

[Tracking Money | Caribbean Business and Money @tracking_money]

Our latest article discusses some initial thoughts on the recent geopolitical moves affecting the Caribbean and Latin America. Have a quick read then join the conversation.

https://t.co/yQyJi7mWDF

[Tracking Money | Caribbean Business and Money @tracking_money]

The Caribbean runs on a different calendar and if you plan to run a successful business here, you must know these movements. Here are five seasons that move money across the Caribbean.

Full story here: https://t.co/H1e9ojzJLq

[Tracking Money | Caribbean Business and Money @tracking_money]

If business is hard, then Caribbean business is harder. Let’s look at why, and how we might make it easier.

Full story at https://t.co/AXC2js0I5o

[Tracking Money | Caribbean Business and Money @tracking_money]

A Jamaican consortium led by the local holding company, Norbrook Equity Partners Limited has acquired 79 Kentucky Fried Chicken (KFC) and Dairy Queen restaurants in Panama from Franquicias Panameñas, S.A. referred to as FranPan.

Full story here:
https://t.co/vhDxBS567f

[Tracking Money | Caribbean Business and Money @tracking_money]

Former US President Donald Trump found guilty days before the Repbulican Party likely to select him as their candidate for the upcoming elections. We'll monitor how this uncertainty impacts the markets over the coming days.

[The Associated Press @AP]

Donald Trump became the first former president to be convicted of felony crimes Thursday as a New York jury found him guilty of falsifying business records in a scheme to illegally influence the 2016 election through hush money payments to a porn actor who said the two had sex.

[Tracking Money | Caribbean Business and Money @tracking_money]

Chips, oil, or batteries..who will rule the next 50 years? Explore this and more business news highlights in this edition of #TMFU.

https://t.co/wqvfhDBkGA
#businessnews #trackingmoney

[Tracking Money | Caribbean Business and Money @tracking_money]

Welcome to the Tracking Money Financial Update, affectionately known as the TMFU. Here’s the money news recap for busy business people. Tweaking this based on your feedback so let us know what your want to know!

#tmfu #trackingmoney

✅ 5-min read here: https://t.co/E1q0krd8ks

[Tracking Money | Caribbean Business and Money @tracking_money]

Take your small business to the next level with our top 5 budgeting tips! 💸💼
1. Track expenses, 2. Set realistic goals, 3. Invest in technology, 4. Negotiate with vendors for costs and credit, and 5. Create a buffer for unexpected expenses. #SmallBusinessTips #Budgeting101

[Tracking Money | Caribbean Business and Money @tracking_money]

✅ Pro tip:
If it's calendar month, place your orders closer to the start of the month. This way you have about 3 weeks in that month to move that inventory, plus 4 weeks in the following month during your real 30 days.

[Tracking Money | Caribbean Business and Money @tracking_money]

Understanding and leveraging credit terms with vendors is crucial to cash flow. Mind the details. For example Net 30 = 30 days credit. Confirm whether that time starts counting from 1. Invoice date, 2. Good receipt date, or 3. End of calendar month.

[Tracking Money | Caribbean Business and Money @tracking_money]

For all you US American folks. Today is April 14th. If all goes as planned, tomorrow will arrive soooo

[Tracking Money | Caribbean Business and Money @tracking_money]

Welcome to the first week of April. This a bank reconciliation time so download those statements in PDF and spreadsheet format and let's get to work. No shame if you need to sort out January- March. Just get it done so we can review results. 🙌🏾

[Tracking Money | Caribbean Business and Money @tracking_money]

What's wrong with entreprenuers? We have this seemingly unquenchable curiosity for identifying people's needs, then figuring out how to sell the solution profitably. Without that curiosity it's hard to keep going.

What else is "wrong"?

[Tracking Money | Caribbean Business and Money @tracking_money]

Business owners are busy! If there's one thing you should make non-negotiable is bank reconciliation, at least monthly.

Assuming you're not doing everything in cash like a 👀, comparing your books to the bank and credit card statements can get things clear very fast.

[Tracking Money | Caribbean Business and Money @tracking_money]

You and your future probably look a lot like your friends. Stay profitable and have a powerful weekend. 👊🏾 #trackingmoney

[Tracking Money | Caribbean Business and Money @tracking_money]

I was an accountant, running a business, with accounting that was, well, less than ideal. Here's the story of how we survived, got it together, and how you can do the same.

Full story here: https://t.co/USaHUGMJci

#smallbusinessaccounting #trackingmoney

[Tracking Money | Caribbean Business and Money @tracking_money]

✅️ 1 Basis Point = 1/100 of 1%.
✅️ 100 Basis Points = 1%

Money is often discussed in Basis Points. Small movements matter.

[Tracking Money | Caribbean Business and Money @tracking_money]

What's a few hundred basis points between friends right? 🙃 You can have the best accounting and finance team, but it still comes down to proofreading and trying to mitigate human error. Tough one here for the Lyft team.

Full story here:
https://t.co/CJohwID9cE

[Dalan Vanterpool @DalanVanterpool]

Charla excelente dirigido por Pablo Sanchez de Grant Thornton en la conferencia acerca de la importancia de manejar un buen contabilidad en tu negocio aunque sea pequeño.

Gracias por enseñar estos puntos sumamente claves.

[Dalan Vanterpool @DalanVanterpool]

On site with Brian Lutz @xopabrian for the @losemprendementes conference in Panama. Ready to learn and connect. 😎

En vivo con Brian Lutz por la gran conferencia de Los Emprendementes en Panamá. Listo para aprender y conectar. 🤓