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Article: Getting in the (Cash) Flow of Things Now
- Article from:
- Jewish Exponent
- Article date:
- October 6, 2005
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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Jewish Exponent
10-06-2005
When it comes to your small business's cash flow, the old saying "timing is
everything" couldn't be more relevant. For the business owner, the
challenge is to avoid the cash-flow gap that can occur when outflows
outpace inflows.
Fortunately, many strategies exist for improving cash-flow management. The
Pennsylvania Institute of Certified Public Accountants offers the following
ideas.
* Forecast the future. One of the best ways to manage your business's cash
flow is to prepare a projection that estimates your business income and
expenses over a period of time. Six months usually works well.
A cash-flow projection doesn't have to be complicated to be effective. You
can use ...