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Strategic Financial Planning: How do you keep an eye on cash flow in your company?
RG
RG
Rebecca G Brizi, Management Consulting answered:

Let others do the heavy work: use a software solution.
There are many out there, so start with exactly what you need to know (the information you need to have available comes first, then you determine what and how to track). Do some research on the available software and then call up a few companies and explain what you need, asking how they solve that problem.

Think of your priorities here: the right solution should be simple to manage, give quick access to information, not require a lot of interpretation, etc.

Beyond the software, think about what you can plan for to help give you the information you need. Build certain budgets to help manage how you categorize and view different invoices and areas of cashflow.

Remember, the key is to have immediate information, not just data.

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