CPA Practice Advisor - 6
Sponsored by
SERIES: HOW TO IMPROVE FINANCIAL SYSTEMS FOR SMALL BUSINESS
6 Best Tips for
Managing Small
Business Cash Flow
By Gail Perry, CPA, Editor-in-Chief
IN AN IDEAL WORLD, A BUSINESS SHOULD BE ABLE TO HAVE ACCESS TO
ALL REQUIRED CASH WHEN NEEDS ARISE, PLANS FOR GROWTH SHOULD BE
ABLE TO MOVE FORWARD WHEN THE TIMING IS PERFECT, THERE SHOULD
BE NO SECOND-GUESSING WHEN IT COMES TO ANTICIPATING THE RECEIPT
OF ACCOUNTS RECEIVABLE, VENDOR INVOICES SHOULD ALWAYS BE PAID
WHEN THEY ARE DUE, AND THE MANAGEMENT OF CASH FLOW SHOULD BE
REWARDING AND SUCCESSFUL AND NOT A JUGGLING ACT.
That ideal world is not out of
reach. Rather than looking at cash
flow management as a struggle,
consider these solutions as a path
to success. These tips for managing small business cash flow can
help with current and long-term
planning, business growth and
change, and day-to-day operations.
6
AUGUST 2019 ■
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1]
Budget gurus recommend
a small business keep an
emergency fund that would
cover three months of necessary
expenses, at a minimum. Necessary
expenses include rent or mortgage,
utilities, payroll, taxes - basically
anything you must pay to keep
the business running. Start saving
now so that you've got available
funds of your own when the need
arises. Remember that if you draw
on your emergency fund, a top
priority should be replenishing
the fund as soon as possible. Store
your emergency fund in a separate
account from your business checking
account so you won't be tempted to
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CPA Practice Advisor
Table of Contents for the Digital Edition of CPA Practice Advisor
From the Editor: Technology Will Never Be Slower Than It Is Today
Succession Planning for Small Accounting Firms
How to Improve Financial Systems for Small Business: 6 Best Tips for Managing Small Business Cash Flow
From the Trenches: Do Your Best Practice Management
2019 Innovation Awards Focus on AI and Automation
2019 Product Review: Tax Document Automation
2019 Product Review: Fixed Asset Management Systems
Apps We Love: Cities & Local Government
How to Shine as a Payroll Accontant
9 Types of Flexible Work Arrangements
3 Keys to Serving Governmental Entity Clients
4-Step Marketing Campaign to Win Municipality Clients
Resources for the Municipal Accountant
The 21st Century Accountant: Automation & The Future of Accounting
The ProAdvisor Spotlight: New Features and Enhancements in QuickBooks Online Accountant
The Millennial Advisor: Stepping Out
The Staffing & HR Advisor: Know How to Negotiate Salaries? You'll Need to Today
5 Process Trends Impacting Your Firm
The Leadership Advisor: The Human Skills Tech Can Never Replace
Bridging the Gap: Does Your Technology Meet Client Expectations?
CPA Practice Advisor - 1
CPA Practice Advisor - 2
CPA Practice Advisor - 3
CPA Practice Advisor - From the Editor: Technology Will Never Be Slower Than It Is Today
CPA Practice Advisor - Succession Planning for Small Accounting Firms
CPA Practice Advisor - How to Improve Financial Systems for Small Business: 6 Best Tips for Managing Small Business Cash Flow
CPA Practice Advisor - 7
CPA Practice Advisor - From the Trenches: Do Your Best Practice Management
CPA Practice Advisor - 9
CPA Practice Advisor - 2019 Innovation Awards Focus on AI and Automation
CPA Practice Advisor - 11
CPA Practice Advisor - 12
CPA Practice Advisor - 13
CPA Practice Advisor - 14
CPA Practice Advisor - 15
CPA Practice Advisor - 16
CPA Practice Advisor - 17
CPA Practice Advisor - 18
CPA Practice Advisor - 19
CPA Practice Advisor - 20
CPA Practice Advisor - 21
CPA Practice Advisor - 22
CPA Practice Advisor - 23
CPA Practice Advisor - 2019 Product Review: Tax Document Automation
CPA Practice Advisor - 25
CPA Practice Advisor - 26
CPA Practice Advisor - 27
CPA Practice Advisor - 2019 Product Review: Fixed Asset Management Systems
CPA Practice Advisor - 29
CPA Practice Advisor - 30
CPA Practice Advisor - Apps We Love: Cities & Local Government
CPA Practice Advisor - How to Shine as a Payroll Accontant
CPA Practice Advisor - 9 Types of Flexible Work Arrangements
CPA Practice Advisor - Resources for the Municipal Accountant
CPA Practice Advisor - 35
CPA Practice Advisor - The 21st Century Accountant: Automation & The Future of Accounting
CPA Practice Advisor - The ProAdvisor Spotlight: New Features and Enhancements in QuickBooks Online Accountant
CPA Practice Advisor - The Millennial Advisor: Stepping Out
CPA Practice Advisor - The Staffing & HR Advisor: Know How to Negotiate Salaries? You'll Need to Today
CPA Practice Advisor - 5 Process Trends Impacting Your Firm
CPA Practice Advisor - The Leadership Advisor: The Human Skills Tech Can Never Replace
CPA Practice Advisor - Bridging the Gap: Does Your Technology Meet Client Expectations?
CPA Practice Advisor - 43
CPA Practice Advisor - 44
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