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.
We discuss three business strategies that will help you maintain a healthy cash flow in your company:
- Speeding Cash Collection
- Using Cash Wisely
- Managing Cash Outflows
Because cash flow is so important, we are offering a free guide. In order to receive our free guide, please click on the link below for your free guide.
Remember it's your business. If you have any questions we're just a call away. Call Jack Craven CPA at (212) 786-7476.