Many Businesses Fail Because of Poor Cash Flow Management – Don’t Be One of Them
Many Businesses Fail Because of Poor Cash Flow Management – Don’t Be One of Them
Cash flow refers to the movement of money flowing into and out of a business. Positive cash flow is when you bring in more money than you spend. It is what every business owner strives for because it enables you to pay your liabilities and invest in your business.
Conversely, if you are spending more money than you are bringing in, it is called negative cash flow. While there will be times when every business experiences temporary periods of negative cash flow, too many months of negative cash flow can – and will – cause a business to fail.
Here’s what we do for you
Here’s what we do for you
- Develop short and long-term cash projections
- Analyze prior years cash flow statements to help you understand where the money goes
- Prepare monthly, quarterly, and annual cash flow statements
- Provide you with tools to accelerate the collection process
- Develop updated billing and payment policies
- Assist with obtaining a line of credit
- Help you get the maximum rate of return on surplus cash