Cash Management
Do you need help managing your cashflow?
Your cash register keeps ringing. Your sales people report a lot of closed sales, and more and more signed contracts land on your desk. From the outside, business looks brisk and booming. On the inside, however, you have no idea how you are going to meet payroll and your other liabilities this month.
If this sounds familiar, then you need help in cash management. There is a reason why most investors immediately look to the liquidity of a company to check if the business is doing well. Businesses run on cash. As a business owner, you need to make sure that you have enough cash to cover your expenses as well as have reserves for the future.
Here’s what we will prepare for you:
- An up-to-date daily cash position report, which will help you know how much you can spend for your daily expenditures.
- A weekly forecast of your receivables and payables, which will help you know how much you are expecting and paying out in the next week so you can time your collections.
- A semi-annual cash forecast, which will help you get an idea of the cash you are expecting to come in or pay out in the next 6 months.
- An aging report for accounts payable and accounts receivable, which will give you an idea of the accounts that are not being collected or paid.
- A daily bank reconciliation, which will give you an accurate picture of your cash position.
Let’s face it; as much as you’d like to, you can’t micro-manage everything. It’s hard to monitor your cashflow when you are in the thick of things. Outsource your cash management to us and we’ll do that for you.
CONTACT US TODAY FOR A FREE CONSULTATION
