Winning Back-Office Strategies to Boost Your Business Agility
VIEWpoint Issue 1 | 2023
2023 Compliance Trends: Staying Ahead in an Evolving Regulatory E...
It’s no secret that projections are essential to effectively managing cash flow, providing you with the financial foresight you need to make more profitable business decisions. This is especially true if your business is being affected by the recent drop in oil prices – now is the time to determine if you can operate during a downturn and make changes accordingly. Even businesses that are not distressed find themselves struggling to sync their bill payment with incoming customer payments to remain in a favorable cash position. To help, here are five steps to creating a quick cash-flow projection:
For assistance using cash-flow projections to help you make informed businesses decisions, contact our CPAs and business advisors in Michigan, Houston or Ft. Lauderdale.
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
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