Steps To Improving Cash Flow

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

Discuss It Today With A Tax Attorney

These items should be discussed with your tax and business attorney. Call Ronald J. Cappuccio J.D., LL.M. (Tax) in Cherry Hill at 856-665-2121 or send an email to get started.