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Small business cash flow management for a recession

Preparing for a recession means preparing for the unknown. That’s a tough thing to do!

The best advice is to think conservatively and get a second opinion from a CPA with experience in recovery from recessions and other economic disasters.

 

One tool is to use existing accounting data, supplemented with new information, to create a visual cash flow forecast.

After we see a timeline picture like this, it is easier to add the additional protections to ensure adequate cash under a possible downturn in the economy.

 

Should we be looking at this type of cash flow information for your business? If so, just call.

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