Tag Archives: cash cycle

How to Write Accounts Receivable Procedures

Cash is everything to a business and you certainly would not want to burn up your cash. Learning How to Write Accounts Receivable Procedures helps you to control your cash flow; Let’s look at an example of accounts receivable procedures that is a part of the revenue cycle process. Continue reading How to Write Accounts Receivable Procedures

What Procedures Improve Cash Flow?

The cash cycle procedures are undoubtedly the most important process procedures to optimize for any business – from when you spend money to when you get money.  The are four key cash flow control procedure areas. Learn how cash flows through these areas to make the cash to cash cycle. What procedures improve cash flow?

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What Are the 3 Core Process Flows within Your Organization?

There are three core process flows within your company: your cash cycle, your manufacturing (or fulfillment) cycle, and some have a design cycle. What is the difference between these important cycles? And what are the 3 core process flows within your organization all about?

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What Are Internal Controls for Cash Security?

We all hope our co-workers and employees are honest, and they probably are. Yet, improper cash control, poor cash cycle procedures, and weak cash security can tempt people who are basically honest. Think about parking at the local mall. You always roll up your windows and lock your car to protect your possessions, especially if you made some purchases at an earlier stop. Most of the people who walk by your car at the mall are honest, yet you don’t want to tempt them by making it easy to take something that doesn’t belong to them. What are some internal controls for cash? Continue reading What Are Internal Controls for Cash Security?

What is the Revenue Cycle in Accounting?

The proper identification and acceptance of all sales are an important element of accounting internal control for a company’s income statement. It represents the primary source of most companies operational cash flow and therefore needs to be protected, managed and monitored using financial internal controls. The following Accounting Revenue Cycle Procedures should be utilized to account for and recognize all sales income of the company. What is the revenue cycle in accounting? Continue reading What is the Revenue Cycle in Accounting?

How Can Automation Improve Business Cash Flow?

Many business owners grew up wanting to become entrepreneurs, not paper-pushers. They dreamed of creating world-changing products, taking financial risks for enormous profits, and making the cover of Forbes. What they didn’t dream about were problems with cash flow: chasing late payments, printing invoices, and moving money in and out of bank accounts. How can automation improve business cash flow? Continue reading How Can Automation Improve Business Cash Flow?