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Business strategy
Strategy for effective cash flow monitoring.
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[QUOTE="Leah Kelvin, post: 343805, member: 106815"] Cash flow monitoring is a vital aspect of financial stability and uninterrupted operations for small businesses. To realize this, setting clear objectives would ensure that a cash flow forecast is developed, reliable information sources are used and cash flows are regularly monitored. Identifying key drivers and variables affecting the cash flows, proper management of accounts receivable and accounts payable, and controlling costs are among the strategies to use. In summary, it can be said that businesses can achieve adequate liquidity level, meet their operating expenses requirements, service debts obligations and fund growth initiatives depending with overall objectives in terms of finance and strategy. [/QUOTE]
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