Cash is the lifeblood of a business, the fuel that keeps the engine running, and cash flow problems can be one of the leading causes of small and medium-sized business failure. Cash flow and profit are two different animals, and when you’re running a business, you need to keep track of both. We’ll look at three key elements of cash flow: accounts receivable (what customers and clients owe you), accounts payable (what you owe your suppliers) and shortfalls. Smart cash flow management strategies you’ll learn include:
- how to determine your break-even point
- determining necessary cash reserves
- planning for taxes
- paying debt
- creating reserves to recapitalize your business
Questions are welcome and encouraged in this workshop for small and medium-sized businesses of all types.
Instructor: Tim Moran, CPA