CPAs & Accountants: what steps can a business owner take to increase their cash flow?

Answered by:

Rick Crosswhite

Highly recommended
BAS Certified Public Accountant Firm
11 Questions answered
Answered on February 13th, 2019

Cash flow is crucial to business success. It is a critical factor that can make or break a business. When faced with a cash flow challenge there are several key financial drivers that can help companies to better understand and enhance their cash flow position. While each driver provides unique information, a more wholistic analysis of all drivers can help you to identify areas to improve cash flow, reduce financial waste, and make smarter, strategic business decisions. Undertaking this task on one's own can be a daunting task for some businesses, especially given the impact that cash flow has on the operations of ones business. This task is simplified as part of the managerial accouting services offered by the CPA firm, BAS Accounting Services. Through the firm's managerial accounting services the impact of each of the following drivers are analyzed to help business clients to identify areas for improvement which in turn enhance the company’s bottom line.

1. Accounts Receivable Days

2. Accounts Payables Days

3. Work in Progress Days

4. Price Change Percentage

5. Revenue Growth Percentage

6. Cost of Goods Sold (COGs)

7. Overhead Percentage

For more information about BAS Accounting Services' managerial accouting support and other outsourced CFO sevices, visit www.bascpa.com or call (571) 495-2227.


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