Don Connor Offers Advice on Cash Flow Management

Jan. 24, 2011 - PRLog -- Dartmouth based accounting firm Connor and Associates is owned by Don Connor, a certified general accountant who takes a holistic approach to financial management and offers a wide variety of services above and beyond basic accounting.  Don’s blog addresses a number of widely inquired about topics, most recently cash flow management.

According to Don, “Everyone wants to be paid right away but not everyone likes to pay on time.  So, how can you deal with the cash gap in your business?”

Don sites an online source that defines cash flow management in this way: “the process of monitoring, analyzing, and adjusting your business' cash flows.”  Don regularly searches content that will be of interest to his readers, and this week’s entry is an example of that.
“For small businesses, the most important aspect of cash flow management is avoiding extended cash shortages, caused by having too great a gap between cash inflows and outflows. You won't be able to stay in business if you can't pay your bills for any extended length of time!”
Don’s blog post reports the first part of effective cash flow management to be performing a cash flow analysis on a regular basis and using cash flow forecasting in order to avoid potential cash flow problems before they begin.

The second part is to “develop and use strategies that will maintain an adequate cash flow for your business.”  For example, the post explains that shortening cash flow conversions is one way to accomplish this.

To find out more about Don Connor and cash flow management visit: http://www.connoraccounting.com.

# # #

EnviroWeb Consulting provides online advertising, web design, professional development and environmental health consultation, aware of the interdependent nature of business and home lives and the fact that one cannot truly thrive without the other.