Cash flow is one of the most important aspects of any business operation. It is the lifeblood of any organization, and its effective management can be the difference between success and failure. In this blog post, we will explore the power of cash flow, how to understand it, measure it, and leverage it for maximum … Read more
The March 15th deadline is approaching and businesses are paying attention to LAST YEARS financial results. In the episode, we discuss how Client Accounting Services (CAS) are essential for business owners to achieve their goals in the current year.
When I ask business owners about their AR, they normally respond with either, “We invoice our customers.” or “We collect payments on a regular basis.” I’m always glad to hear those responses. However, when I ask, “What is your accounts receivable turnover?” or “How many days does it take for you to collect?”, the business … Read more
Your company’s profitability depends not only on sales but also on effective cost management. Are you adequately addressing the cost side of the business equation? Analyze Your Cost Structure You probably can readily identify the products and/or services that are generating your greatest sales volume. But can you identify all the costs associated with providing … Read more
If profits are up and the projections look good for the next month or two, should you kick back and relax? Maybe not. No matter how positive other signs may be, if you’re not keeping a close eye on your company’s cash flow, things could go haywire. Even a temporary crunch resulting in late debt … Read more