Cash Flow Management
The lifeblood of any practice is its cash flow, which is the steady stream of cash flowing in as revenue, and out, as expenses such as salaries, rent, and supplies. By establishing cash flow procedures, we provide the necessary leadership for the practice by establishing budgets and goals. The firm maintains cash flow procedures on a day-to-day basis to make sure that all obligations will be met in a timely manner. Many practices lack proactive planning in this critical area. By managing this process, the firm will also allow you to plan for capital improvements and to generate surplus working capital reserves.