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Your Guide To Improving Cash Flow Whether you are an established firm or just starting out, there is one business truth that there is no escaping - cash flow is the lifeblood or your business. It's been said that 'Profit is an opinion, but cash is a fact." The accrual method of accounting recognizes income when it is earned, and expenses when they are incurred, not when the money is collected or spent. |
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So while your income statement and balance sheet can show if you are making a profit and how your assets are supported, they tell little about your cash flow. Just making a profit doesn't ensure that your firm is financially sound. Even if you are experiencing soaring sales and profits, you may find that you are cash poor. When it comes to paying the bills, it is cash that counts. This Guide provides the information and tools you can use to plan and improve your cash flow. The Cash Flow Cycle
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Neither the publisher nor distributor is engaged in the rendering of legal, accounting or professional services. All articles, calculators and other content is provided for general information only. We suggest that you consult your appropriate professional advisors with regard to your individual situation. Copyright Greer
Group 2002, All rights reserved. |
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