1 minute reading time (263 words)

The 3 Pillars of Mastering Cash Flow Management

 

Watch this video on What is cash flow management

Among the most complex financial balance indicators faced by any organization is the control of profits. We see three critical ways in which the best organizations have true control of cash flow management, which have led to over 20,000 small and medium-sized firms solving cash problems.

1) Measuring cash flow:

Cash flow analysis is the first major activity. Manual attempts and innumerable spreadsheets are also needed only to grasp the cash flow at any given time.

In accounting system such as QuickBooks online, cash flow report is available to see.

Cash flow reports help companies to see where and how cash are used.

2) Improving cash flow

Second habit is to always look for ways to improve cash flows. There are 2 ways to improve cash flow, increasing the cash in take or decreasing the cash out take.

I personally like to increase cash in volume by adding either more clients or services.  It is also to review the expenses and justify their needs or looking for less expensive alternative.

3) Predicting cash flow or having a budget

Finally, having a look at your budget, seeing where the cash in flows are coming for let’s say one year and at the same time looking at where you money and cash goes in one year. This practice will give you a great picture for the year to come and also give you a yard stick that you can stick to.  It will act as a road map for your business one year plan.

 

×
Stay Informed

When you subscribe to the blog, we will send you an e-mail when there are new updates on the site so you wouldn't miss them.

How to Review Financial Statements Effectively and...
Occupational Frauds and How to Prevent Them?
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Friday, 12 August 2022

One-Stop Shop for Accounting
and Bookkeeping in Ottawa

Numetrica City Accounting

Awards / Featured On

Reviews

Check what some of our clients are saying about our services.
  • I highly recommend Moe Tabesh. His service is phenomenal, to say the least. His tax knowledge is extensive and he’s been able to save me a substantial amount of money by following his recommendations. In addition, he is warm, kind, understanding, positive, and flexible, which are qualities I find rare in most accountants I’ve worked with. You’re in good hands with Moe, I can’t recommend him enough.

    Samantha Biron

    President and Founder, Find Your Tribe
  • Moe and everyone at Numetrica have been incredible at helping with my new corporation and corporate and personal tax returns and my other small business. Their accounting skills are out of this world and the technology they use makes everything so simple and fast. The time you will save will be worth every penny. Thanks again Moe for all your help!

    Jeremy Prudhomme

    CEO, Jeeman TV
  • Mr Tabesh (Captain Number Cruncher) and his perfect team are not only professional in their fields, they are extremely passionate about their clients! Numetrica City continues to support us with corporate and personal tax returns, bookkeeping (thank you so much Sherry ) and We are so happy and appreciative for you and your responsible team, Moe!!!
    I really recommend these guys to everybody.

    Farshid Dehnavi

    President and CEO, Ink Plus
  • I did my first Corporate tax return and cloud accounting with Numetrica City and I am very satisfied with the work they did. The team was very responsive and answered all my questions. I 1000% recommend their services.

    Keddy Declan

    CEO , IT Referrals
  • I would highly recommend Numetrica City-Accountants, Tax and Bookkeepers. Exceptional customer service. I am assured that all my company tax services and payroll are taken care of because of the great team that Moe has. I like the fact that I do not have to worry about driving to a physical location for my accounting services, my company's accounting tax preparations are done online due to the excellent cloud service Numetrica City has. Definitely score a10/10. Thank you for all the good work that you guys do. Greatly appreciated!

    Sibeso Kehinde

    OUR PROCESS

    Discovery

    We’d love to hear about your goals and aspirations. After understanding the big picture, we’ll dig into the details of your bookkeeping process so we can assess your needs.

    Proposal

    Once we understand your needs, we’ll send over a proposal that outlines our plan for tackling your challenges and a fixed monthly price for those bookkeeping services.

    Set-up

    Once you accept our proposal, we’ll get your bookkeeping tidied and up to date and begin implementing cloud accounting tools that will ensure proper bookkeeping going forward.

    Get Connected

    Once the set-up is done, the hard part is over. You’ll be connected to your CPA-level bookkeeper and they will become your main point of contact.

    Reviews

    Once the clean up is done, the hard part is over. You’ll get connected to your bookkeeper and he/she will become your main point of contact. Don’t worry, we only select the best CPA or CPA students.

    Join our family

    Clients

    Trust in the superhero accountants of Numetrica to keep your numbers in order and for expert advice on growing your business. Numetrica City specializes in providing clients with in-depth accounting and bookkeeping services in Canada and the United States as well as financial advice to assist you in making the right decisions for your business.