April 2017 Small Biz Channel

• Identify Opportunities for Cash Flow Improvement        
• Seize Cash Flow Opportunities
• Leverage Technology to Improve Cash Flow

Additionally, the eBook concludes with a one-page practice aid that briefly summarizes and includes quick tips on how to “Avoid Cash Flow Catastrophes.” Shared with clients, the aid will provide actionable advice that demonstrates the value accountants can provide.

In the book’s introduction, Sageworks Research Specialist Mary Ellen Biery reviews the importance to business owners of understanding cash flow. She notes, “A recent study found that the median small business has an average of only $7 more in daily cash inflow that it has in daily cash outflow. This thin line of liquidity illustrates the opportunity for businesses to take steps to improve cash flow. As cash flow improves, the owner has the ability to invest in the products, the employees or other growth drivers of the business.” Additionally, she notes that the Small Business Administration has identified insufficient or delayed financing as the second most common reason for business failure.

The first chapter, “Identify Opportunities for Cash Flow Improvement,” recommends that accounting firms begin with an assessment of how cash flow improvement can advance day-to-day or long-term goals of their client and his or her business. In the next chapter, Sageworks provides a roadmap for uncovering advisory engagements that generate additional cash for business clients by focusing on the key drivers of cash flow. The final chapter provides an overview of technology that helps create and accelerate cash flow, from smartphone-enabled credit card readers to business intelligence software.

To download the free e-book, visit The Definitive Guide to Improving Cash Flow.

 

April 2017 Small Biz Channel

 

 

Latest News:

• 3 Reasons Small Businesses Must Innovate or Perish. While it’s true that many individuals and businesses have gone a long way on the strength of a lone idea, plenty of others prospered even further because they are constantly innovating – coming up with one good idea after another. www.cpapracticeadvisor.com/12322594
• Farmers Face Soaring Health Care Costs. Health insurance is a huge concern for Americans in general. But it may be particularly worrisome in agriculture. www.cpapracticeadvisor.com/12321934
• Self-Employed Survey Shows Risks and Rewards of Entrepreneurship. Small business owners and other self-employed individuals often earn great rewards for their hard work, but they also face risks that regular employees don’t. https://www.cpapracticeadvisor.com/12318314
• 1/3 of Small Businesses Faced Potential Insurance Claims in Last Year. Those events included six common incidents: customer complaint or contract dispute; employee injury; burglary or theft; fire, storm damage, or cracked pipes; customer injury; and injury from a product sold. www.cpapracticeadvisor.com/12317400
• Portland, ME to Limit Airbnb Rentals and Charge Homeowners. Beginning next year, people renting their properties through services such as Airbnb will be required to register with the city of Portland, Maine, and pay a fee as part of mew short-term rental rules. www.cpapracticeadvisor.com/12320242

 

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