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Article: Software that ups your cash flow: programs to help an entrepreneur forecast where a business may stand on any given day.
- Article from:
- Black Enterprise
- Article date:
- November 1, 1993
- Author:
CopyrightCOPYRIGHT 1993 Earl G. Graves Publishing Co., Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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"Can I make payroll next month?" If you're an entrepreneur, this nagging question, more than likely, has sounded off a mental alarm in the wee hours of the morning. Could you forecast your company's cash intake 60 or 90 days out? What would happen, for instance, if you got some foot-dragging from that client who normally pays on time?
One of the reasons many business owners see the bottom drop out unexpectedly is that they fail to monitor and control cash flow - the traffic of funds moving in and out of a company. Studies have shown that the inability to control cash flow is the major problem facing both small - to medium-size companies.
Considering ...