Tips for Managing Your Cash Flow


Here are some ways to better manage your cash flow to avoid a cash flow emergency:





Control inventory
             Having too much inventory ties up cash. Keep track of inventory so you can estimate your needs better.

Collect receivables
             Set up a collections schedule, using an accounts receivable aging report as a guide. Follow up on non-payers.

End Unprofitable Relationships
              Decide when it's time to end a relationship with someone who never pays.

Reference: the balance smb



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