CASH FLOW IS MUCH MORE VITAL THAN GROSS TURNOVER

Accountants in Cairns meeting to discuss importance of cash flow

Published on: 22 March, 2020 by Foster Lee

I AM ASTONISHED, BEYOND BELIEF, TO CONTINUALLY READ THAT PROFESSIONAL TAX AND/OR FINANCIAL ADVISORS CONTINUALLY ADVISE THEIR CLIENTS HOW TO IMPROVE THEIR TOP LINE AND BOTTOM LINE. VERY LITTLE GUIDANCE IS GIVEN ON HOW TO INCREASE, IMPROVE AND/OR MAINTAIN YOUR CASH FLOW. THEY ARE VERY GOOD AT SAYING................"YOU NEED TO INCREASE YOUR CASH FLOW" BUT THEY DO NOT TELL YOU HOW!!!

CASH FLOW IS THE BLOOD STREAM OF ALL BUSINESSES AND NOT GROSS TURNOVER. GROSS TURNOVER IS VANITY. CASH PROFIT IS SANITY. PUT IT ANOTHER WAY: PROFIT IS ONLY AN OPINION. CASH FLOW IS FACT. WE ADVISORS MUST SHARE ADVICE TO OUR CLIENTS MORE ON PRE-INSOLVENCY AND CASH FLOW MANAGEMENT MORE SO NOW THAT EVER BEFORE IF WE ARE TO SURVIVE IN BUSINESS AND CONTINUE TO HAVE CUSTOMERS/CLIENTS...........AND THEREFORE A CASH FLOW FOR OUR OWN PRACTICES/BUSINESSES.

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About Foster Lee

Foster is a specialist in aspects of income tax, from the individual to companies and family discretionary and/or unit trusts, bringing together those over thirty (30) years of experience.

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