Managing and Tracking Your Cash Flows | 63

This is a repeat episode that we believe is vital as business owners face financial challenges like never before during this COVID-19 Crisis. This link is to an article on the current crisis - https://www.accutrakservice.com/general/loan-forgiveness/

Felicia Harris, Founder, and CEO of EverythingHR and EverythingHR Financial Services has her HR manager as a guest host interview Shaniece Bennett, a CPA and Founder of Accutrak Consulting and Accounting Services.  Shaniece talks about cashflow management, how to hire the ideal CPA, and what services her company Accutrak Consulting and Accounting Services offer businesses.

Key Points:

1. Accutrak is known for complete financial management services, assisting small businesses, also government contractors and some government agencies.
2. Integrity is the most important thing to look for in a CPA, who should be able to tell you what you need to hear, not just what you want to hear.
3. Have enough cash when you need it and review it more often than you view your income statements.  

Highlights:

• What is the statement of cash flow?
• What is the current ratio of assets and how is it calculated?
• How do you do a cashflow budget projection equation?  
• Which accounting software tools does Shaniece recommend?  
• What should you look for in a good CPA?  
• What are cash discounts in regards to taxes?
• How does the Prompt Payment Act work?
• Does Accutrak provide training or information regarding cash management?

Resources
SBennett@Accutrak.biz 
accutrakservice.com
Accutrak (586)-840-6494