Cash Management

Collecting cash, managing its uses and making sure all excess is invested sensibly is crucial to your business success. Only with proper cash management can you remain solvent and financially stable to run the daily operation of your business or organization.

Because small businesses and organizations do not usually have easy access to credit and short-term loans, it’s crucial to manage your cash from all sources quickly and effectively. This includes covering payment of expenses including payroll and other purchases. Solvency depends on paying all current expenses with cash available on hand.

Safeguarding Cash

Our dependable professional solutions include:

  • Budget planning: how your cash will be utilized during each period.
  • Analyzing Actual vs. Budget Expenses to keep your finances on track.
  • Managing your receivables to ensure timely collection of cash from customers.
  • Price Selling Guidance: determining the right price to sell your products or services for optimum profit margin.
  • Managing your payables to keep cash with you longer.
Where did all the cash go?

It is possible to make huge profits but not have much cash on hand leading owners to wonder where all the cash went. Our Cash Flow Statement will show you where you spent cash during each period so you can make better decisions and management choices.

Depend on My Small Business Accountants for a full range of services adapted to your needs.

Contact Us today to learn more.

202 293-4032

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