Accounting Software Tips – Steps to Increase Company Cash Flow in a Sluggish Economy
When the economy is moving at the rate of molasses, businesses are sure to feel the slow down. Sales can drop, and short-term credit becomes difficult to obtain. Many companies’ default position is to attempt to improve cash flow by cutting costs. Since it is prudent business practice to review major expenditures and see where dollars can be freed up, inventory is often the first area to feel the slash of the red pen.
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