by Jeffrey Moses
“Ever get that sinking feeling in your stomach toward payday? You know the one. You’ve got to meet payroll and send out a bunch of other checks besides, but your accounts receivable are lagging behind — again. Learn how to effectively manage and maintain your cash flow, so you have reserves for those emergency situations — and the everyday ones.
NFIB’s 2004 Problems and Priorities survey indicates that cash flow is one of the top 10 problems that small businesses face across the country. Establishing a cash-flow checklist can help you deal with your money and avoid crises.”
– This creates efficiency and efficiency is a key to running a successful business. Another point here is that you should not depend on your accountant to do this for you. Your accountant is your employee and you should be giving him/her guidance as to what they should be doing. -ed.