[Infographic] Maximize Cash Flow With AP/AR Processes
Every business knows – or should know – when it comes to managing finances that cash flow is king. But it is a constant challenge for many small business owners to manage accounts payable vs. accounts receivable in order to generate the optimum cash flow for their business. How does one keep track of what’s coming in, and maybe more importantly, how what goes out?
Here’s an infographic from Citizen’s Bank that outlines some tips that can help balance your business cash flow:
[Infographic credit: Citizens Bank]
Daniel Goh is the founder and chief editor of Young | Upstarts, as well as an F&B entrepreneur. Daniel has a background in public relations, and is interested in issues in entrepreneurship, small business, marketing, public relations and the online space. He can be reached at daniel [at] youngupstarts [dot] com.