A wise business owner once said, "Happiness is a positive cash flow." As a business owner, I'm sure you agree. Everything is better when your cash-in exceeds your cash-out.
A cash crisis can be emotionally devastating and it can even wipe out your business. If you've ever had to beg, borrow and steal to cover tomorrows payroll you know what I mean.
Our cash management planning services helps you to...
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know when, where, and how your cash needs will occur.
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know what the best sources are for meeting your additional cash needs.
- be prepared to meet these needs when they occur, by keeping good relationships with bankers and other creditors.
The starting point for avoiding a cash crisis is to develop a cash flow projection. We can help you develop both short-term (weekly, monthly) cash flow projections to help you manage daily cash to stave off a crisis, and long-term (annual, 3-5 year) cash flow projections to help you develop the necessary capital strategy to meet the needs of a growing business.
We also prepare historical cash flow statements to help you gain an understanding about how your profits were generated and how they were used.
Creating an accurate cash flow projection is just one of the many cash management services we provide. We can also help with...
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Obtaining an appropriate line of credit
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Cash collection acceleration techniques
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Develop effective collection policies
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Develop effective credit policies
- Parking temporarily excess cash at the maximum rate of return until needed
