Cash Flow Management Services at Ascension CPA
According to a study released by Atradius Payment Practices Barometer, a third of respondents say that maintaining cash flow is the greatest challenge to business profitability — and a cash crisis can be devastating and harm your business. If you've ever been in a situation where you were struggling to make payroll, you understand what we mean.
But creating an accurate cash flow picture of your business doesn’t have to be a challenge. Our expert team at Ascension CPA can help you optimize your cash flow budgeting so you can take your business higher.
Set up a consultation today by filling out the form.
How does cash flow management work with Ascension CPA?
Financial Forecasting
We can help you develop a cash flow projection for the short-term (weekly and monthly projections) and long-term (annual, 3-5 year projections). These predictions help you develop the necessary capital strategy to meet your business needs.
Line of Credit Assistance
We can assist your company in securing a line of credit that works for your business just in case of stressful cash shortages. Additionally, we can help keep you on track so that you use it only as necessary.
Payment & Collection Policies
Wouldn't you like to get paid more quickly? Do you want to avoid sending customers to collections? We have developed effective collection policies for our customers that get them paid quickly, including assisting with electronic payments.
Return Rates for Your Cash
It's a wonderful thing when the money sitting in your bank account is making you money. Obtaining the maximum rate of return will help the idle cash sitting in your business bank accounts.
Frequently Asked Questions about Cash Flow Management
A wise business owner once said, "Happiness is a positive cash flow." To develop and maintain optimal business cash flow management, you’ll need to know the ins and outs of how this works for your business. Consult our FAQ on cash flow management services.
Why are cash management services important?
Controlling your business's cash flow is essential now more than ever. Cash is your primary method of paying debts and obligations from your company. If you want your business to expand and fix liquidity problems, monitoring historical cash flow statements is critical to making accurate future projections.
What’s the benefit of outsourcing cash flow management services?
Besides understanding a better financial picture of your company’s cash flow, you’ll also accrue major cost savings. If you have an understaffed accounting department (or only one to two members), giving these tasks to a firm like us at Ascension can free up valuable time and effort.
How does Ascension CPA work with me on improving my financial management?
We take a three-fold approach to assist businesses with their financial operations:
Planning: First, our trained and experienced CPAs will work with you to ensure you know when, where, and how your cash needs will occur so that we can take appropriate steps to meet these needs.
Counseling: Next, aside from keeping you informed on cash needs, our cash flow service allows you to decide the best sources for meeting your additional cash needs.
Relationship-Building: Finally, by keeping good relationships with bankers and other creditors, our full-service cash flow management will prepare your business to meet these needs when they occur.
What are some effective payment policies my business can adopt?
Some important things to keep in mind when looking at your cash flow are your current payment expectations. If your business relies upon billing customers and clients, you need a new policy to help individuals pay.
Your company should clearly articulate the following to your customers:
- When the payment is expected
- What forms of payment do you accept
- Where they can submit payment
- How customers can contact your business
This will help you get a more accur
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