Cash Management

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Cash Management
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Cash Management

• Cash is a limited resource
• Cash is the single most important element in
  the ongoing success of a business
• Without sufficient cash to fund operations, a
  business cannot survive
• The management and projection of cash eclipses
  all other guides to fiscal well being

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Cash Management
Its not what you earn, its what you do with
it
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Cash Management
Timing is everything
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Cash Management
Planning Monitoring Timing of Inflows Timing of
Outflows
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Cash Management
Planning List Your Goals Visualize
Focus Be Specific Detail Costs
Use timeline (Cash Projection) Modify
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Cash Management
Monitoring Bookkeeping Reporting
Adjust Accountability to Self
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Cash Management
Bookkeeping - Admitting you need help is the
first step
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Cash Management
Timing Cash Inflows Billing - Sooner and
more often Due date Deposits
Offer discount incentives Accept Credit
Cards Keep on track with collections
Deposit receipts daily Bank lockbox
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Cash Management
Timing Cash Outflows Inventory Control
Pay as late as possible Use purchase
discounts Pay the right bills first
Negotiate Stop spending money!
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Cash Management
Warning Signs Poor cash ratios
Excessive cash in non-interest bearing accounts
Large number of accounts Emergency
borrowings Lower than normal investment
returns Slow collections fast payments
Un-reconciled bank accounts
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Cash Management
Planning Monitoring Timing of Inflows Timing of
Outflows
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Empowering Businesses to Make Informed Financial
Decisions
Business Consulting Business Start-Up
Cash Management Budgets Controllership
Consulting Business Accounting
Compilations Reviews Projected Financial
Statements Tax Services Year Round
Individual Business Preparation and Planning