Several years ago, a business owner of a $3 million specialty contracting firm called me because his P&L looked great but he didn’t know where the cash was going. Have you added new contracts causing your receivables to go up? “Yes.” Are inventory levels going up and are your payments for work in progress occurring […]
There’s a reason financial executives hate collecting (or chasing) money from slow-paying customers. We just hate it. You say you enjoy it? You’re crazy! In the name of chilling out on such a frigid topic, I thought I’d share some of the suggested column headings for your AR aging schedule.
I’ve been mentoring and coaching CEOs as their 1099 CFO and Controller since 2001. And here’s a question I can bank on after about our 128th meeting–“Mark, can you explain that cash flow statement again?” Let’s start with a simple multiple choice question: Which of the following statements is generally true with respect to cash […]