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. 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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Managing A/R for Better Cash Flow

Entrepreneurs know the challenges of running a small business. However, even your best clients can face hardships at times. To avoid unwanted cash flow surprises, it is essential to stay on top of your accounts receivables – “A/R.” Promptly addressing a customer falling behind can help avoid an overwhelming situation for both of you. We...

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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! A great metric you can use to help guide you in this area is the Current Ratio. The current ratio is...

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