Cash is king.  Everybody knows it and yet businesses are lax in their cash flow reporting and forecasting.  CEO and founder of TGG accounting, Matt Garrett explains why “cash is king” and what you can do to have more of it and move the cash you have more wisely.

55% of businesses are failing in the first four years. According to The Brookings Institute 11% fail every year thereafter.  This is all attributed to lack of cash. Here are 6 elements of cash flow management to watch: 

  • DSO (how fast you get paid)
  • DPO (how fast do you pay people)
  • Discounts – give them to get paid faster, ask for them to reduce expense
  • Human capital management (utilization)
  • Inventory management
https://youtu.be/H1j2Mb7Mn44
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *

Monthly Accounting Insights

Right in your inbox

SAN DIEGO

6162 Nancy Ridge Drive
Suite 100
San Diego, CA 92121
760.697.1033

info@tgg-accounting.com

IRVINE

17872 Gillette Avenue
Suite 315
Irvine, CA 92614
949.356.6157

DENVER

383 Corona Street
Suite 103
Denver, CO 80218
720.370.3294

© Copyright – TGG Accounting | TGG Accounting is not certified by the California Board of Accountancy to perform public accounting. Therefore, we do not provide tax return preparation, audits or CPA reviewed or compiled statements.

CONNECT WITH US