Cash Flow Chronicles | Managing AR & AP

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Welcome back for week 2 of 8! If you missed last week’s edition discussing Tracking & Understanding you can click the blue text below and go check that out when time permits.

The 8 part series will cover the following:

1. Tracking & Understanding

2. Managing AR & AP

3. Inventory Management

4. Expense Management

5. Leveraging Financial Options

6. Cash Flow Optimization

7. Cash-Savvy Culture

8. Proactive Approach

Without a steady flow of cash, even profitable businesses can struggle to meet their obligations and sustain steady growth. A critical component of effective cash flow management is the proficient handling of accounts receivable (AR) and accounts payable (AP). These two elements significantly influence a company's cash flow dynamics, determining how much cash is available at any given time and how well the business can maintain its financial health. In this edition of The Bottom Line, I’m going to discuss AR/AP in more detail to help your business in these areas.