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Salt Lake City Bookkeeping Blog

The Best Way To Understand Future Cash Flow

Posted by Matt Roberge on Apr 21, 2016 8:30:00 AM

An inability to manage cash flow can kill a small business. One of the biggest reasons for small business failure is a lack of cash flow management. 

In this short video we discuss how to use QuickBooks to manage cash flow.

The highlights of properly managing cash flow are:

  • A lack of cash flow can kill your small business
  • Sales don't necessarily = cash flow (but they can and should)
  • Your online bank balance is not a good way to manage cash flow
  • Automate your payments and invoicing to increase cash flow
  • Daily reconciliations give a true cash position

If you can't seem to get a handle on your cash flow and are always scraping by reach out to find out how we can solve your cash flow problems. 

Reasons to use outsourced bookkeeping

Topics: Cash Flow Management, QuickBooks Cash Flow, Financial Forecasting