How To Manage Cash Flow

Author: External Author | | Categories: Bookkeeping Solutions

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There's an old adage about business that "cash is king" and, if that's so, then cash flow is the blood that keeps the heart of the kingdom pumping. Cash flow is one of the most critical components of success for a small or mid-sized business. Without cash, profits are meaningless. Many a profitable business on paper has ended up in bankruptcy because the amount of cash coming in doesn't compare with the amount of cash going out. Firms that don't exercise good cash management may not be able to make the investments needed to compete, or they may have to pay more to borrow money to function.

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Original Article Source Credits:   INC , https://www.inc.com/

Article Written By:  NA

Original Article Posted on:  JAN 5, 2021

Link to Original Article:  https://www.inc.com/encyclopedia/cashflow.html



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