Managing Cash Flow

Day-to-day costs for overhead, payroll, materials, supplies, and equipment can eat up cash quickly. At the same time, lags in receiving customer payments leave many businesses feeling pinched for cash one day while providing an illusion of surplus cash at other times of the year. That’s why it’s important to actively manage the unique factors that influence cash flow for your business.

Effective cash flow management benefits business owners in a number of ways:

• relieves short-term cash pressures, such as “making payroll;”
• helps businesses get the best use of their bank resources;
• helps optimize collections of receivables;
• takes advantage of the most favorable vendor payment terms;
• funds future business growth or positions a business for sale; and
• provides tools to actively manage business operations on an ongoing basis.

How can Mack & Conway help?

We’ll identify the key factors that affect your business cycle and help you use the financial tools to best manage your cash flow. Some of these tools include cash flow analysis and forecasting, budgeting and budget analysis, and evaluating and structuring business transactions to minimize tax liability.

For more information or to arrange a no obligation initial consultation, call Mack & Conway at (815) 485-8600 or e-mail us at cmack @mack-conway.com or rconway@mack-conway.com.