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Asset protection Form an LLC or incorporate to protect your personal assets - Don’t comingle. Use a business entity to separate your personal and business self.
Priorities Payroll first – pay your employees first … Continue reading CashFlowABC Episode 7 – Principles of Cash Savvy Business Management A reorder point is a calculated stock level that, when reached, generates replenishment either through procurment or manufacturing while leaving enough inventory to satisfy demand during the replenishment process. Reorder points work better in situations where demand is more or less constant and predictable or with slight variation. All reorder points contain safety stock to absorb variations … Continue reading CashFlowABC Episode 6 – Reorder Points
Lets talk about cash flow & understanding the statement of cash flow. Revenue, or sales, accounts are the selling value of goods or services billed to the organization’s customers. Revenue, also called “the top line” because of it’s location on the income statement, is the starting point for calculating net income. Expenses are subtracted … Continue reading CashFlowABC Episode 5 – Cash Flow From Operations A forecast is an estimate of future demand based on market indicators and/or past performance plus market indicators. We forecast to reduce the amount of uncertainty in order to prepare for demand. Who is impacted by a forecast? Finance Investment capital Inventory planning – … Continue reading CashFlowABC Episode 4 – Forecasting This episode of CashFlow ABC is on effective AR management. Accounts Receivable is one of the largest components of working capital for most companies, and the one most easily turned into cash. We highlight and discuss the essentials to maximize your current and future cash flow through accounts receivable. 1. Measure, analyze, improve Continue reading CashFlowABC Episode 3 – Effective AR Management Materials management is the sumo arena the company’s other departments wrestle in. Each of these departments; sales & marketing, production and finance will have different ideas on how the company is to prosper and make a profit. Sales and marketing want a seemingly endless supply of … Continue reading CashFlowABC Episode 2 – Reducing Inventory Levels (finding that low lying fruit) Welcome to the kick-off for CashFlowABC, where we teach you the ABC’s of cash flow. CashFlowABC will be a bi-weekly podcast covering all avenues to improve your cash flow. We will be looking at how you manage inventory, accounts receivable, accounts payable, your supply chain, lean principles, kaizen events and more. Most importantly, we need your input. … Continue reading CashFlowABC Episode 1 – Improve Your Cash Flow Now! |
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