What do you know about staying profitable with your business? If you are someone who owns or runs a business, this can be very important. There is a difference between stay afloat or drowning depending on how you can survive with a cash crunch. So what can you do if you find yourself in a cash crunch? First you want to triage the situation, focus on your inventory and manage your receivables. To learn how to manage your business and keep a profit, read more in this article!

Key Takeaways:

• List of things to do when your restaurant is in a “cash crunch”.”
• Make sure not to panic, and take in the big picture to assist you in tackling this challenge.
• Manage your cost, inventory, assets, and work with your CPA to ensure you are maximizing your efforts to manage your cash reserves.

“Make sure you understand outstanding balances and credit limits for cash advances versus purchases.”

Read more: https://www.foodnewsfeed.com/fsr/vendor-bylines/9-ways-survive-cash-crunch-your-restaurant

Many people dream about opening their own business but while they know what it takes to run the business on the consumer side, they might not know what the business requires on the inside. Do you know when to hire professional financial help? Many people do not. Take a couple of looks at your finances, do you spend too much time trying to understand what your financials are telling you? If that’s the case, you may want to read more in this article to see if you need a CPA for your business or not.

Key Takeaways:

• Take stress away from you by helping manage your money.
• Will help allocate your finances so you can budget your money better.
• a CPA can help you realize the future of your company and help you reach goals.

“An accountant who is interested in your business will want to review the previous year’s tax returns and financial statements.”

Read more: https://www.foodnewsfeed.com/fsr/vendor-bylines/does-your-restaurant-need-cpa