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Managing Cash Flow

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When managing cash flow effectively, certain rules are applicable for any business. First, the business must placate attention toward how employees record their hours because of the fact that late reports and unbilled hours could be negatively placing your business in the red. The company must also ensure that clients are invoiced in advance so that there will be no confusion about what the client is paying for. Clarity is the most important facet of the process, therefore, ensuring that the company is on top of invoicing wherein the company insists on payment in a timely and quick fashion such as within three days of the original invoice date instead of the receipt date, will help effectively manage cash flow.

It's also imperative to ...

Solution Summary

This discusses how to manage cash flow.