Small businesses pay scant attention to cash flow, to their detriment

18 Sep 2017 6:46 PM | Editor (Administrator)

Cash flow forecasts are the 'pulse and blood pressure' of a company

Danny Bradbury

Cash is king in business, or so the saying goes. Small businesses shouldn’t just look at the cash they currently have, though; unless they keep an eye on their entire cash flow, even profitable companies could sink. Cash flow management is a foundational discipline for all companies, and unfortunately Canadian firms haven’t been that good at it.

READ MORE is a national Canadian directory of accountants, combined with a web-based magazine (webzine).

We encourage owners and managers of small and medium businesses to better understand the use of numbers in business management, and encourage them to hire accountants as part time Chief Financial Officers, and as advisers on overall business management.

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