cash flow 3-11-14

Cash Flow Charting

David Ellison Owner of Ellison Management &

Training; Owner of Connections in Ohio

March 11th: Cash Flow; keeping your organization working in the blackMay 13th: Budgets; how to manage your profits without managing penniesJuly 8th: Effective Communications; getting through to your employees and evoking responsesSeptember 9th: Marketing; traditional vs e-marketingNovember 11th: Managing Risk; controlling your 'uh-oh' moments

Business Development Series:

Leadership Enhancement Series:April 15th: What is Leadership?; and how it differs from being a managerJune 17th: POLC; Planning, Organizing, Leading, Controlling, the four major management functions August 19th: Idea People vs Closers; identify your staff to utilize their skillsOctober 21th: Strategic Planning; seeing into the futureDecember 16th: Staff Personality Assessment-How to understand and manage your staff, based on their personalities

Cash Flow Charting

David Ellison Owner of Ellison Management &

Training; Owner of Connections in Ohio

Why Cash Flow Charting When I have (or Don’t Have) a Budget

1) Cash Flow Charting shows you a cash crisis faster than budget tracking

Why Cash Flow Charting When I have (or Don’t Have) a Budget

1) Cash Flow Charting shows you a cash crisis faster than budget tracking

2) Cash Flow Charting anticipates cash crunches, such as a 3 payroll month or a Workers Comp payment

Why Cash Flow Charting When I have (or Don’t Have) a Budget

1) Cash Flow Charting shows you a cash crisis faster than budget tracking

2) Cash Flow Charting anticipates cash crunches, such as a 3 payroll month or a Workers Comp payment

3) Cash Flow Charting shows you the cash aspects of growth or adding a new line of business

Productivity Data Flows Naturally Out of Cash Flow

Charting1) Accounts Receivable Chart

Productivity Data Flows Naturally Out of Cash Flow

Charting1) Accounts Receivable Chart2) Billability and Overtime Chart

Productivity Data Flows Naturally Out of Cash Flow

Charting1) Accounts Receivable Chart2) Billability and Overtime Chart3) Payables Expectation Chart – both

monthly and less frequent

How Easy is Cash Flow Charting?

Do you have a 8 ½ by 11 Notepad and a Pen? Then move eventually to a simple Excel sheet - if

you wish

How Easy is Cash Flow Charting?

Do you have a 8 ½ by 11 Notepad and a Pen? Then move eventually to a simple Excel sheet - if

you wish Here is the format – 1) Start with the Current Checking Account Balance

How Easy is Cash Flow Charting?

Do you have a 8 ½ by 11 Notepad and a Pen? Then move eventually to a simple Excel sheet - if

you wish Here is the format – 1) Start with the Current Checking Account Balance2) Do either 4 or 6 weeks – Break it down into

payroll cycles, which is usually every 2 weeks for most companies

How Easy is Cash Flow Charting?

Do you have a 8 ½ by 11 Notepad and a Pen? Then move eventually to a simple Excel sheet - if

you wish Here is the format – 1) Start with the Current Checking Account Balance2) Do either 4 or 6 weeks – Break it down into

payroll cycles, which is usually every 2 weeks for most companies

3) Chart all expenses for each two week period

How Easy is Cash Flow Charting?

Do you have a 8 ½ by 11 Notepad and a Pen? Then move eventually to a simple Excel sheet - if you wish Here is the format – 1) Start with the Current Checking Account Balance2) Do either 4 or 6 weeks – Break it down into payroll

cycles, which is usually every 2 weeks for most companies

3) Chart all expenses for each two week period 4) Be sure cash flow is adequate for each payroll and major

expense

How Easy is Cash Flow Charting?

Do you have a 8 ½ by 11 Notepad and a Pen? Then move eventually to a simple Excel sheet - if you wish Here is the format – 1) Start with the Current Checking Account Balance2) Do either 4 or 6 weeks – Break it down into payroll cycles,

which is usually every 2 weeks for most companies3) Chart all expenses for each two week period 4) Be sure cash flow is adequate for each payroll and major

expense5) Update after every payroll, so you have a new 4 or 6 week

Line of Credit In a low margin industry, a line of credit is critical.

This is even more important in a retro payment business that pays you after the service is provided.

Line of Credit In a low margin industry, a line of credit is critical.

This is even more important in a retro payment business that pays you after the service is provided.

Cash Flow Charting leads to solid productivity results that shapes your company to be a good applicant for a line of credit.

Line of Credit In a low margin industry, a line of credit is critical.

This is even more important in a retro payment business that pays you after the service is provided.

Cash Flow Charting leads to solid productivity results that shapes your company to be a good applicant for a line of credit.

The line of credit should be enough to cover one payroll at the start, and then you keep updating annually until you get to one month’s expenses.

Bottom Line1) Cash Flow Charting is so easy that any non-

accountant can easily do it.

Bottom Line1) Cash Flow Charting is so easy that any non-

accountant can easily do it. 2) Cash Flow Charting every 2 weeks is great fun, and

tells you more things about your company than any other tool.

Bottom Line1) Cash Flow Charting is so easy that any non-

accountant can easily do it. 2) Cash Flow Charting every 2 weeks is great fun, and

tells you more things about your company than any other tool.

3) Cash Flow Charting leads to greater productivity, and great communication within your team.

Bottom Line1) Cash Flow Charting is so easy that any non-

accountant can easily do it. 2) Cash Flow Charting every 2 weeks is great fun,

and tells you more things about your company than any other tool.

3) Cash Flow Charting leads to greater productivity, and great communication within your team.

4) Banks will love you!! Any business that tracks cash and productivity is a great client for a bank!!

Questions or Comments• Please contact David Ellison –

ellisonmt@columbus.rr.com