COVID-19 Update: Beaird Harris has shifted a significant number of our team members to work remotely.
We continue to serve and care for our clients, just as we always have, and are available by phone, video or email.
Beaird Harris will be closed on Friday, July 3rd in observance of the Independence Day holiday.
Improving cash flow is always a worthwhile but sometimes nebulous goal for a small business. One way to better define this goal is to divide your cash into two buckets – long-term and short-term.
The short-term bucket is for cash you need to pay expenses over the next 12 months. The long-term bucket is for cash you need to pay expenses in the distant future, beyond the next 12 months.
Another name given to the amount of cash and resources you have available to put in the short-term bucket is working capital.
The Importance of Working Capital
Beyond just being able to pay recurring monthly bills, there are several reasons why having a healthy amount of working capital is important for your business.
Tips for Improving Working Capital
Here are some cash flow management tips for your business as we head into a new year.
Please call if you have questions about how to be better at managing your cash in 2022.
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The Consolidated Appropriations Act, 2021 is a spending bill for the COVID-19 pandemic that is making impactful changes on the deductibility of business meals. Any…
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