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Article: Improve cash flow with simple steps
- Article from:
- Sun-Journal Lewiston, Me.
- Article date:
- July 7, 2007
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Copyright informationCopyright 2007 Sun-Journal Lewiston, Me. Provided by ProQuest LLC. (Hide copyright information)
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Without a steady flow of cash to cover expenses, your company can
quickly stumble.
Cash flow troubles can develop even when sales seem strong. Facing
a continuous cash crunch makes it difficult to conduct your business
properly. And while it may be tempting to seek out fancy financial
formulas for predicting and tracking business cash flow, the basics
tend to be plain common sense for most small businesses.
SCORE counselor and certified public accountant Robert Pacios of
Auburn points out that, "The object is to make certain that more cash
enters your business than exits in your bank account. First, you need
to translate sales into real money as quickly as possible. Once
you've collected the ...