Managing Business Cash-Flow with Alison Reiff-Martin CPA

<p>Key Takeaways:</p> <p> - Tracking cash flow is crucial for business owners to ensure they have enough money to cover costs and make informed financial decisions. - Cash flow can be categorized into operational cash, investment cash, and financing cash. - Operational cash should ideally be positive, indicating that the business is generating enough revenue to cover expenses. - A 13-week cash flow projection is a valuable tool for planning and ensuring the availability of operational cash. - It is important to have a minimum of three months of operational cash on hand to handle emergencies and unexpected expenses. </p> <p> </p> <p>Chapters</p> <p> | **Timestamp** | **Summary** | | ------------- | ----------- | | 0:00:01 | Introduction to the podcast episode on managing cash flow | | 0:01:09 | Importance of tracking cash flow and ensuring it covers costs | | 0:02:28 | Negative operational cash flow indicates business trouble | | 0:03:24 | Options for improving operational cash flow: cutting expenses or increasing revenue | | 0:04:26 | The need to regularly review cash flow statements | | 0:04:52 | Importance of projecting cash flow with a 13-week cash flow projection | | 0:06:28 | Clarification on cash flow categories: operational, investment, and financing | | 0:07:33 | The significance of having three months of operational cash on hand | | 0:08:53 | Using the cash flow statement to determine if the business is making money | | 0:09:15 | Contact information for assistance with cash flow statements |</p> <p> </p> <p>Powered by ReiffMartin CPA and Stone Hill Wealth Management</p> <p><a href='https://www.reiffmartincpa.com/'>www.reiffmartincpa.com</a></p> <p><a href='https://stonehillwealthmanagement.com/'>stonehillwealthmanagement.com</a></p> <p> </p> <p>Join the Wealth Building Made Simple Newsletter: </p> <p><a href='https://www.wealthbuildingmadesimple.us/'>wealthbuildingmadesimple.us</a></p> <p> </p> <p>Social Media Handles </p> <p> Follow Philip Washington, Jr. on Instagram (@askphillip)</p> <p> Subscribe to