Now that we’re officially halfway through 2017, it’s a good time to take stock of your company’s cash flow.
Proper planning now can help you avoid a cash crunch as the year progresses. As part of your planning, it’s wise to diagnose your company’s cash flow health and ferret out any weaknesses that could create problems down the line. Then you can take steps to manage your cash flow proactively.
Since we’re often asked by our small business and startup clients what they should be doing to manage their cash flow better, we’ve put together two free resources to help you get a handle on the cash that is flowing into and out of your company.
Cash Flow Resources for Small Businesses
The KRS CPAs Cash Flow Checklist will help you get a picture of just how healthy – or unhealthy – your cash flow is. After you’ve completed the checklist, you’ll have a clearer picture of where you need to improve your financial operations. Download the checklist here.
Our Managing Your Small Business’ Cash Flow Guide shares many of the best tips we give our clients. When you download the guide, you’ll get practical guidance about:
•Managing receivables, payables and inventory to keep cash flow positive
•Tapping lines of credit and other vehicles to finance cash flow
•Keeping your cash working by implementing the right bookkeeping and budgeting tools
•Using excess cash to strengthen your business and motivate your team.