Did you know that many businesses that fail are actually profitable? Poor cash management is the culprit that drains the life out of many successful companies. This course helps you understand the importance and impact of managing cash flow to improve the bottom line. Cash flow does not equal profitability. To be profitable, you must have the cash needed to keep your business operating efficiently. You will learn how to create a system to forecast and monitor cash flow, as well as develop procedures to manage receivables so that you can effectively organize vendor payments.
Session Objectives:
• Determine importance and impact of managing cash flows and how it directly affects the bottom line
• Create a system to monitor and forecast cash flows
• Provide a procedure for managing receivables and payable
• Learn 6 tips to take back to your office to immediately improve cash flow
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