The universe is in balance and its steady in all aspects so is your cash flow management is for you and your company’s better health. All you need to do is to ensure all liabilities are paid off in time and you are collecting cash as soon as possible which leave you with excessive cash available for further investments. Once you have mastered the cash cycles, the next step is to prolong the disbursement cycle to a acceptable limit and shorten the receipt cycle and make sure nothing is overdue. The lifeblood of any organization’s growth and sustainability depends upon effective & efficient cash flow management which in result leave you with a lot of cash to invest. By saying effective and efficient means managing customers, disbursement of vendor payments on time, collection of cash on overdue accounts and finally putting cash back into the business to earn more. The following infographic on cash flow management will demonstrate how to manage cash flow efficiently and your ...
In my professional career since 2004 in the field of accountancy, bookkeeping, auditing, consultancy, finance, from scratch to handling teams of professionals both in Asia and Middle East. During this span of time have attended many conferences, workshops, public seminars, trainings and met many Small Business Owners who are not aware whether they should be having any accountant or professional accounting services. Even if they know that they should be having accountant/ bookkeeper they don’t know or they’re not sure what characteristics to look for in an accountant/ bookkeeper in order to get their financial affairs organized, especially in 21 century. Here I didn’t mean that they’re not good businessmen or good entrepreneur(s), no doubt they are the best at what they do. As a matter of fact, they know what they are doing and they know what they are capable of doing, they know the costing of products, profit margins, risk of loss and pretty much everything. ...