Managing Business Cash-Flow with Alison Reiff-Martin CPA

Wealth-Building Made Simple · Aug 23, 2023 · 10m

Key Takeaways: - Tracking cash flow is crucial for business owners to ensure they have enough money to cover costs and make informed financial decisions. - Cash flow can be categorized into operational cash, investment cash, and financing cash. - Operational cash should ideally be positive, indicating that the business is generating enough revenue to cover expenses. - A 13-week cash flow projection is a valuable tool for planning and ensuring the availability of operational cash. - It is important to have a minimum of three months of operational cash on hand to handle emergencies and…