Any business owner who has fended off calls from unpaid creditors or who has wondered how to meet the next payroll knows the importance of cash flow. Ironically, business success and cash shortages often go together. If growing sales are on credit, they create a larger accounts receivable which your company is funding. Your income statement may show a hefty profit, but profit doesn't pay the bills - cash does! That's why understanding and controlling the cash flow in your business is so important.
Do you need practical advice to help your business to grow profits and cash flow? Practical Ideas to Grow Profits and Cash Flowis a monthly e-newlsetter designed to help increase your profits and cash flow.
Jack Craven, CPA