RONALD J. CAPPUCCIO, JD, LLM (TAX)


TAX, BUSINESS AND ESTATE ATTORNEY

QUESTIONS
856.665.2121

Improving Cash Flow

Improving Cash Flow

 

     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