Tag Archives: cash flow

How Do You Write an Accounts Payable Procedures Manual?

Accounts payable is the event that pays for the liability incurred by the purchasing process, which is for supplier purchases or  inventory required by manufacturing to meet customer demand. Sales generates the demand that created the accounts receivables, which is turned into cash. How do you write accounts payable procedure manual to support the purchasing policies and procedures manual, to disburse the cash? Continue reading How Do You Write an Accounts Payable Procedures Manual?

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 Comes After Lean Manufacturing?

Lean is a journey. If you’re like most companies, your lean journey starts in manufacturing with something simple like a 5-S program and then moves on to more difficult lean tools like analyzing your value streams and then eventually reorganizing your whole supply chain. This is all great stuff but when are you done? What comes after lean manufacturing?

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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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How to Determine the Value of Your Business?

Whether you’re looking for a business valuation to sell your business or merely wondering what it’s worth in the current market, you may be at a loss as to where to start. In this post we are going to explain how to determine the value of your business? Continue reading How to Determine the Value of Your Business?

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?

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?