Tag: Cash Flow

Cash Reserves – Set Your Goal!

💰 Cash Reserves – how much is enough? This is a question we address with our clients quite frequently. While it’s wonderful to have cash reserves beyond day-to-day cash crisis needs, your cash needs may also grow as you reach the next level of success. 📈 So, if you’re fortunate enough to be building cash...

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Cost-Saving Tips for Your Business

Cost-Saving Tips for Your Business: Reduce Overhead Expenses and Boost Efficiency Whether you’re a new business starting or an established business looking to cut costs, finding ways to save money is always beneficial. In this blog post, we at ZümiFi have compiled a list of cost-saving tips to help reduce overhead expenses and improve your...

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Avoiding Costly Mistakes and Maximizing Cash Flow! 

Discover the Power of Regular Bookkeeping: Avoiding Costly Mistakes and Maximizing Cash Flow!  Having a diligent bookkeeper who maintains your accounts regularly can be a lifesaver, preventing you from making costly errors. Let us share a recent success story with you: One of our valued clients recently instructed their account manager to pay a vendor....

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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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