Tag: Cash Flow

Managing A/R for Better Cash Flow

Small business owners face various challenges, including managing their accounts receivables (A/R) to avoid cash flow surprises. However, even the best clients may face hardships, so staying on top of A/R and promptly addressing a customer falling behind is crucial. At ZümiFi, we believe good communication is key when reaching customers. Therefore, we recommend sending...

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Calculate Your Current Ratio

Small businesses often focus on managing one of their most precious resources – cash! Therefore, you need to be sure you have enough cash on hand to meet your obligations and, hopefully, then some! The current ratio is a great metric to help guide you in this area. The current ratio is where you divide...

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Cash Reserves – Set Your Goal!

Cash Reserves – how much is enough? This is a question we address with our clients quite frequently. Of course, it is wonderful to go beyond those day-to-day cash crisis needs, but the next level of success often means that while your cash position may be stronger, your cash need may also grow. So if...

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Cost Saving Tips

Whether you are a new business starting or an established business looking to contain costs, everyone loves to save money! At ZümiFi, we have put together a list of tips that we thought could help reduce those overhead expenses that can drain your accounts. Go Digital – E-mail invoices, statements, or documents instead of sending...

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Cash Flow Best Practices

Managing the ins and outs of cash flow is an art form. However, continually creating a system to continually manage the updates is essential to keeping your cash flowing. At ZümiFi, we have put together a list of best practices that we thought could assist entrepreneurs in creating tools for tracking cash flow. Establish your...

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