Innovative Strategies For Winning Tax Controversies, Business Structuring And Estate Planning

Improving Cash Flow In A Down Economy

Cash flow is always important to keep a business running. Frequently, there is a push for sales but not an equal emphasis on collection. Managing a business requires that Sales personnel are fully aware of non-collections.

As the economy declines, receivables take longer to collect and your suppliers demand their payments more quickly, Here is a financial health checklist to help your considerations:

  • Time from Order to completion is timely
  • Are Bills Generated Immediately upon completion
  • Are Bills complete and accurate
  • Do prices reflect costs and work performed
  • Can part of the work be efficiently outsourced
  • Bank loan terms are competitive
  • Price and Terms are appropriate

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These items should be discussed with your tax and business attorney. If you have a question, call Ronald J. Cappuccio, J.D., LL.M. (Tax), at 856-665-2121 or send me an email through my secure website.