I have never met a CEO who could read a statement of cash flow. What a shame! Why? Because if a business that is either 1) growing rapidly or (2) shrinking or downsizing or (3) stable but planning for (1) or worrying about (2), that report is at least as important as...
Many companies watching their cash closely produce daily cash flow reports to help management stay on top of that all-important resource. One of my clients produces a daily report that also shows the balances of accounts receivable and accounts payable. As of today,...
