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Cash Management /Accounting
Cash is life for any business. Cash is the air that keeps the business breathing. Cash is the fuel that the business engine requires to run. Knowing how much cash is available today, tomorrow, and weeks into the future is crucial information for making any decision affecting the business.
You want to make a key equipment purchase. You have the money in the bank today to make the purchase. What effect does this have on the ability to pay your bills four weeks from now? Eight weeks from now? Twelve weeks from now? Every decision you make about your business has to consider cash today and the effect on cash tomorrow.
Your CPA helps you with tax returns and tax planning. We are managerial accounting experts and specialize in budgeting, managerial accounting, cost and financial analysis and strategic business decisions from a financial perspective. We will provide tools and training for creating predictable cash flow.
Key factors for strategic cash management:
- Sales/Revenue forecast (Existing and New Products or Services)
- Cost of Goods Sold (with calculated overhead burden)
- Selling Costs
- Monthly Recurring Expenses (Rent, Utilities, Insurance, etc.)
- Payroll
- Other Regular Occurring Expenses
- Planned Capital Expenditures
- Marketing Expenses
- Other Disbursements
Growth consumes cash faster than anything. Will you need additional funding? How will it be structured? Debt or equity? What is better for you and your business?
We have raised tens of millions of dollars for companies in both debt and equity. We can prepare a bank presentation or pitch deck that will facilitate the process and establish cash management procedures and processes to manage your business.
Cash Management Tool
Now Available with online Coaching
Accurately predicting cash availability is one of the biggest challenges in small to medium sized businesses. Quick Books just doesn’t do the job well enough.
We’ve developed an Excel tool that automates the process, making it quick, simple, and accurate. With this tool, any business can correctly predict cash balances up to 6 months in the future. Just enter a few pieces of information (Current bank balance, Line of Credit Info, Average Collection Days, Average Payment Days, Recurring Payments, Payroll info, and Average Cost of Goods) and the spreadsheet will display accurate cash balances by week for the months to come.
Knowing this information is critical to making decisions today – just because the current bank balance can cover that new equipment purchase, does not mean it’s OK to spend the money. It may create a cash shortfall 6 or 8 weeks in the future. Often, just delaying a purchase one week or two can be the difference in making payroll or not.
This tool also provides tons of flexibility – add one more sale per week and see the impact on cash. Hire one more employee and see if the additional work produced covers the costs. The possibilities are endless.
The spreadsheet is designed to roll forward one week at a time and the accuracy of each week’s forecast is measured. Each new week accommodates adjustments based on the previous week’s performance. As history is built, the accuracy of the future months is improved.
We’ve had more than one business owner say that this is the most important tool we provided them. So, we decided to make it available at a cost that can’t be ignored.
Here’s the deal:
Visit our online store. Purchase the Cash Management Tool. We’ll include a personal 2-hour online coaching session to get you started. The tool is an Excel spreadsheet template and fully automates the cash management process. You can download the file and we'll send a calendar link to schedule your online session.
What could be easier?
