The 7 Deadly Sins of Cash flow (mis)Management The 7 Deadly Sins of Cash flow (mis)Management

The 7 Deadly Sins of Cash flow (mis)Management

If I’m making a profit, why do I never have any money in the bank?

Beschreibung des Verlags

A question I get asked, time and again by clients, is this: “If I’m making a profit, why do I never have any money in the bank?” Here is the short answer, and this is important to remember: profit and cash flow are two very different things. Firstly, profit equals ‘on paper revenue’ minus ‘on paper expenses’, and not necessarily money in the bank. Cash flow equals the actual money flowing into and out of your business at any given time and is affected by the timing of liability payments, loan repayments, Directors’ drawings, the time it takes your debtors to actually pay, and so on. The problem is, cash flow lags behind profit for most businesses.

GENRE
Business und Finanzen
ERSCHIENEN
2017
25. April
SPRACHE
EN
Englisch
UMFANG
14
Seiten
VERLAG
AVers Cloud Solutions
GRÖSSE
6,4
 MB

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