It’s getting close to the end of the year and a good time to review a company’s financial and cash flow positions. Closing out this year on a good note sets up a positive start to 2017!
For a solid financial start to the new year, consider these steps:
1.) Take an overview of your business – run a profit and loss statement, a balance sheet and a cash flow statement.
2.) Study the cash flow statement for cash flow from
- Operating activities
- Investments
- Financial activities
3.) Analyze Accounts Receivable
- Target unpaid invoices for collection
- Cleaning up accounts receivable puts your business ahead for the start of 2017
- Capital Solutions structures instruments that leverage cash out of accounts receivable, improving year-end cash position
- If you offer year-end bonuses or incentives, calculate what will be paid out. Factoring accounts receivable contributes needed cash without incurring year-end debt.
If you’d like to explore ending the year with a strong cash position, please contact CSI at (626) 695-2280. |
