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Cash, We Help You Get It®

Cash flow issues have been a continuous challenge for businesses. The quote below is just as relevant today as it was in 2009.

“Cash flow problems are common in business, and people often have a hard time figuring out what’s behind them. But there are actually just a few potential causes: You could have too much cash tied up in receivables or – if you have a product-based business – in inventory. …

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You can sock away more in your HSA next year

Health Savings Accounts

Health savings accounts are a great way to save for medical expenses. An HSA allows the employee to payroll deduct pre-tax dollars into a special bank account that can only be used for medical spending.  In 2017, the amount that can be saved will increase to $3,400 for self-only coverage (a bump of $50 over 2016) and $6,750 for family coverage-unchanged from 2016.…

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Should Earnouts be a part of the purchase price?

Close Up Of Twenty Dollar Bill

Many business sale and purchase deals I have been involved with had some form of an earnout built into the purchase price.  That doesn’t mean I am a big fan of earnouts, rather earnouts can serve a purpose in transaction negotiations.

An earnout is a delayed payment whereby the buyer and seller agree to a contingent payment based upon future performance criteria.…

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Cash Cycles – Do you understand yours?

Nickels Dimes and Pennies Spread Out

The cash cycle incorporates the time it takes to pay for products and services from suppliers, the time products are in inventory, and the time it takes to collect from customers.  Importers often have to pay for goods at the time of shipment, carry 1-2 months of inventory and wait 30-45 days to get paid.  …

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What is working capital & why does it matter?

Profit Spelled Out Using Scrabble Squares

Working capital is a term that financial folks toss around, but its meaning may not be clear to others.   Textbooks refer to working capital as the difference between current assets and current liabilities.  Current assets are those that will probably convert to cash within one year.  Current liabilities are those that will have to be paid within one year. …

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