Cash Flow Management during a slowdown

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30 / Jul / 2009

Cash flow management is an integral part of operating a professional services business. A cash flow budget helps manage borrowings, timing of billing, collection of debtors, payment of employees, creditors and owners, as well as planning for investment spending. The biggest difference between profit & loss items (such as income and expenses) and cash flows is timing. Understanding the timing of cash flows is essential in ensuring the ongoing growth and survival of a business.

Cash Flow Management during a slowdown