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4 Cash Flow Planning Tips to Help You Avoid Cash Flow Shortfalls

Inside a storeCash flow planning refers to the process of identifying and forecasting both incoming and outgoing cash for your business. It is typically done for both short-term horizons (less than a year) and long-term. The purpose of cash flow planning is to identify potential shortfalls and address them in a timely and responsible manner.

But even with proper planning many businesses can find themselves scrambling for cash at a time when they are least able to obtain it. These four suggestions may help you avoid foreseeable cash flow problems in your business.

Do you have the support you need to manage your small business bookkeeping? Schedule a 30-minute appointment to speak with a local small business adviser.

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