Business owners need to collect their accounts receivable as quickly as possible. Controlling the Accounts Receivable And Accounts PayableĪn important part of cash flow management is controlling the company’s accounts receivable and accounts payable. By managing accounts receivables and payables, inventory, and product pricing, a company can improve its cash flow, grow, and thrive. Cash for a business is like blood for a person, without adequate flow, both the business and person are unhealthy. Proper Cash flow management techniques can help both struggling, slow-growth companies, and successful, high growth companies. One of the most common problems for start-up companies is cash flow management.
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