Blog
Tag: Cash Flow
What are the Benefits of Business Process Outsourcing?
Business process outsourcing (BPO) allows CEOs to focus on the job of running the entire business instead of getting bogged down with the management of…
Cash Management Strategies: Selling Accounts Receivable
With government assistance waning, business owners are evaluating other ways to improve cash flow. Since slow-paying clients are one of the biggest killers of cash…
How CFOs Plan and Prepare for Worst-Case Scenarios
The current economic climate, combined with the fact that September is National Preparedness Month, has many of us thinking about how we can prepare for…
Accounts Receivables: Getting Paid
Accounts receivables are a hot topic for business owners because they are the primary driver of cash flowing into the company. Unfortunately, in the US…
Vendor Management: Pay Now or Pay Later?
Effective cash flow management requires careful control of both money coming in and going out. While practices like shortening payment terms, offering variable pricing, and…
The Cash Flow Statement: The Forgotten Financial Statement
The Perks of Being Royalty One of the best things about being the sole owner of a privately held company is that you have a…
A Business Owner’s Perspective on Financial Statements
Don’t ever let your business get ahead of the financial side of your business. Accounting, accounting, accounting. Know your numbers.” – Tilman J. Fertitta When…
How Much Cash Should a Nonprofit Have in Reserves?
An 84-year-old resident of Longview passed away this year, leaving $750,000 of her estate to three local non-profits. Relying on these types of unexpected donations is one…
Successful Cash Flow Management
The adage says, “cash is King,” and this could not ring any truer for small and mid-sized businesses. Cash is a crucial component of any…
Converting Accounts Receivable (A/R) into Cash
How quickly are you turning your Accounts Receivable to cash? Every business needs working capital to cover operating expenses, including inventory costs. You don’t want…