Working Capital and
Cash Flow Management
Planning for future cash flows in advance can empower you to cushion—or even avoid—financial blows to your business. Let’s look at some common cash flow issues and how proper management and sound accounting practices can help you ensure availability of cash to meet your short term liabilities:
- Lack of cash reserves
- Expensive borrowing
- Decreasing sales or profit margins
- Outstanding receivables
- Uncontrolled business growth
- Too much inventory or seasonal changes in demand
- Inaccurate forecasting or bookkeeping practices
Any or more than one of the above situations could result in negative or insufficient funds and may hamper short, medium or even long term plans. Each of the above has to be analyzed in light of the dynamics of the industry in which a business is operating, the overall economic environment, competition, customers, company’s own financial structure and its products and services.