Cash-flow management is important for all businesses in order to keep finances in check for future financial gaps. Two significant ways to prepare for this is through cash-flow analysis and cash-flow forecasting to identify areas in your business' timeline. Other smaller ways to manage cash-flow would include: invoicing closer to the shipping date, offering customers discounts for early payments, selling excess inventory and delaying your payment to vendors closer to when Accounts Receivable makes their collection.
Watch this video to learn more from 415 Group Partner Ray Maynard, CPA, as he discusses how to get in front of your business' future cash-flow gaps.
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