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Improving Cash Flow in a Down Economy
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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
These items should be discussed with your tax and business attorney.
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| If you have a question., call Ronald J. Cappuccio, J.D.,
LL.M.(Tax) at (856)
665-2121 |
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