Cash Management Services

Cash management, also referred to as Cash Flow Management, is about developing systems to aid you in effectively utilizing your resources. Cash and funds are among an organizations most vital assets. Cash flow management is the process of collecting and managing cash.

Most businesses need to update cash projections at least weekly though in some cases, your cash position can change significantly from one day to the next. 

Not only will a cash crisis cause extreme emotional stress, it determines the health (or death) of a business. If cash is not managed properly, it can affect the overall stability of your business. 
Good cash flow management can improve a company’s liquidity, reduce costs, and increase profitability. ​

Avoid unnecessary cash surprises due to not having a complete and accurate reporting of your finances. ASP can monitor and update your cash accounts on a daily basis if needed.  

Our accounting managers will help you:
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  • Stay informed about when your cash needs will occur
  • Keep to date about where your cash needs will be
  • Understand the cause of cash needs
  • ​Know optional sources for meeting any additional cash needs
  • Prepare for those cash needs when they occur

Cash flow management services our senior accountants offer:
  • Provide initial and ongoing analysis of existing financial position
  • Provide account reconciliation services
  • Provide cash flow forecasting
  • Create and execute a plan for accelerated cash collection policies
  • Set up and execute automated clearing accounts
  • Set up and management of a lockbox​

Our accounting managers can provide: ​
Cash flow planning
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This entails forecasting all cash inflows and analyzing the timing of expected payments in detail. The extensive monthly cash flow projections help you with your business planning, budgeting, and fund raising.

Cash flow budgeting

We assist with predicting cash inflows and outflows over a period of time. This ensures a narrowing of gaps between inflows and outflows.
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Cash flow projections can be short-term (weekly, monthly) to help you manage daily cash, and/or for the long-term (annual, 3 to 5 year view). This helps you develop the necessary capital strategies to meet your business needs.

We can also prepare historical cash flow statements for your business to help you gain an understanding about how you 'got here' with your current cash situation.

Additionally

Beyond creating accurate cash flow projections we can also provide:

  • Help with obtaining a line of credit
  • Effective collection policies
  • Effective payment policies
We understand the sensitivity and importance of cash management. You may be hoping to improve a difficult situation or are thinking about growing bigger. Please contact us by phone, email or the form on this page. We look forward to serving you.

Interested in Learning More?
Please contact us!

Contact:

Eric Moore
Practice Manager

​[email protected]

Toll Free: 
(800) 931-6557