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:
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