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Follow on Google News | Places Where Your Cash May Be HidingMichael Barbarita, founder of Next Step CFO, has shared a new blog post about the potential hiding places of business owners' Cash Flow.
By: Next Step CFO is a CFO for hire firm in Boston,MA. · Accounts Receivable-Cash gets tied up here when there is not a credit policy that the business owner adheres to. · Prepaid Expenses-Cash gets tied up here when they pay for certain expenses too early in advance. · Inventory-Cash gets tied up here when manufacturers have slow moving inventory that must be sold. · Fixed Assets-Cash gets tied up here when the business pays cash for fixed assets. · Accounts Payable-Cash gets tied up here when the business owner pays bills too quickly. · The Cash Conversion Cycle is too slow-Cash will often get tied up if the business owner does not understand his/her cash conservation cycle. · Lower Profit Margins-Cash can be hiding here if prices are too low. · High Overhead-Cash can hide here if the business owner's salary is too high. · Employee Theft-80% of theft is employee theft. The full blog post can found at http://cfo-chief- End
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