Have you ever been in a situation where you've done the work, but the business isn't paying your bills? It's a frustrating experience that can leave you feeling helpless, angry, and confused. It's important to understand why businesses aren't paying your bills so that you can take the necessary steps to get paid. There are … Read more
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
COVID-19 has created an unusual time for business owners, something we have never seen before. The Federal government has issued a program entitled PPP (Paychek Protection Plan) that provides funds for businesses to maintain their payroll.
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
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