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?

    • 5.0 • 1 Rating

Publisher Description

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 & Personal Finance
RELEASED
2017
25 April
LANGUAGE
EN
English
LENGTH
14
Pages
PUBLISHER
AVers Cloud Solutions
SELLER
aVers Cloud Solutions
SIZE
6.4
MB

Customer Reviews

aVers.com.au ,

Awesome little book every business owner should read!

Awesome little book every business owner should read!

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