Has your business struggled with cash flow? Or has your business struggled to grow because your cash is being squeezed? Our cash flow professionals will help you free up more cash for your business by auditing your existing systems and procedures to locate problem areas.
What Is Cash Flow Management?
Cash flow controls nearly every aspect of your business from expanding your marketing efforts, hiring new employees, paying your building rent, or offering raises to your employees. With improper cash flow management you can end up without enough liquid cash to pay your bills or a limit on how much your business can focus on growth.
Along with protection against a shortage of liquid cash, cash flow management can provide accurate predictions of how much cash you will have at hand throughout the year. This allows for more accurate projections for the growth of your business.
Cash Flow Monitoring
At Steward Ingram & Cooper PLLC, our cash flow professionals can work with your business to free up cash flow from your current system, as well as provide peace of mind for your businesses financial standing. We offer up-to-date notifications for any changes to the amount of money coming in or out of your business.
With constant monitoring of your positive and negative cash flow you are empowered to make educated planning decisions for the future of your business. Allow us to keep an eye on your cash flow while you worry about running the day-to-day operations of your business.
Long Term Success With Cash Flow Management
Every month your business will go through highs and low of liquid cash flow as there are reoccurring expenses every month, as well as periods of increased positive cash flow. By having a clear understanding of your cash flow will allow your business to avoid times of limited cash availability. There are a wide variety of different reasons that a business may have limited cash availability such as seasonal trends, local events, unnecessary expenses, or untidy cash flow management. The cash flow management and monitoring team at Steward Ingram & Cooper PLLC will help you recognize cash flow obstacles before they happen to keep your business operating smoothly.
Improving The Cash Flow of Your Business
Many of the businesses that we work with seem to have a few common themes when it comes to their cash flow problems. Below are four issues that most businesses will struggle with at one point or another.
- Over-ordering inventory. When you over-order your inventory you are tying up money in inventory and inventory storage costs that could be used for other parts of the business. It is a fine balance between ordering enough inventory to cover the demand and not tying up money in over-ordering inventory.
- Being lenient on account receivables. These are payments that your business is owed but these can add up quickly and drastically reduce the amount of incoming cash if you don’t stay on top of it.
- Rework account payables. These are expenses owed to suppliers or vendors that your business needs to pay. But by keeping your cash flow in mind you can decide the best possible time to pay these.
- Be aware of credit terms. The time limit you give customers to pay you can make your cash flow inconsistent or impact it if payments are late.
There are a wide variety of different reasons that you cash flow is struggling, but our trained experts can help you monitor and manage your cash flow.
Contact Us For Cash Flow Management Services
Steward Ingram & Cooper PLLC will analyze and improve your current cash flow management system to allow your business more stability and peace of mind to plan for the future. We work with clients in Raleigh, Cary, Apex, Garner, Wake Forest, Wilson, and all surrounding areas.