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As a finance specialist how will you improve cash flow of your company?

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Question added by Anil Lalwani , Chief Accountant , Al Ahli Hospital
Date Posted: 2016/10/25
Wilfredo Quito
by Wilfredo Quito , Accounting Manager , DDC LAND INC.

 

Thanks for invitation Anil bay.

I agree with the previous answer:

In Addition, the most important part of improving cash flow is having a reliable and up-to-date cash flow forecast.  Having a cash flow budget can help you plan your finances to ensure your business can meet day-to-day expenses. You can also consider implementing new strategies to get more cash into your business at a shorter amount of time, such as implementing pay on invoice only instead of sending out monthly statements or implementing progress claims for credit sales. Thanks

 

Soliman Abd  ALmalak Gendy
by Soliman Abd ALmalak Gendy , مدير ادارة مراقبة حسابات , الجهاز المركزى للمحاسبات

*-Encourage use of payment cards.

*Get a line of credit

*Speed up receipt of cash

* Use your business credit card to pay supplies

*Take long term financing

*Make purchases- centralize to reduces administrative costs.

* Make a cash budget & a weekly cash fofcast

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