The Bookkeeper Online

09/02/2023

📢 Days cash on hand: How long can your business survive? 💰💼

Did you know that the number of days cash on hand is a crucial metric for determining the financial health and sustainability of your business? 📊💵

Days cash on hand represents the length of time your company can continue operating without generating any sales. Ideally, you want this number to be 45 days or more, ensuring your business has a strong financial cushion. 💪

So, how do you calculate days cash on hand? It's simple! Just divide the amount of cash your company has by the average daily expenses. This calculation reveals how long your business can sustain itself solely with the existing funds. ⏰💸

Why is this important? Well, it provides valuable insights into your company's financial resilience. A higher number of days cash on hand indicates that your business has a solid financial position and can effectively handle unexpected challenges that may arise. 📈💰

On the other hand, a lower number suggests that your business might be more vulnerable to financial instability. It's crucial to monitor this metric closely and take necessary steps to increase your cash reserves if needed. 💡

Remember, maintaining a healthy cash flow is vital for the long-term success and survival of your business. By ensuring a sufficient number of days cash on hand, you can navigate through uncertain times with confidence and seize new opportunities when they arise. 💼✨

Feel free to reach out if you have any questions or need further guidance! We are here to help. 🤝😊

05/23/2023

https://thebookkeeperonline.com/blog/b/optimize-your-inventory

This blog discusses the importance of optimizing inventory for e-commerce sellers and provides a formula to determine optimal inventory levels.

05/05/2023

How do you plan to attract customers and boost sales?

05/03/2023

Accounting methods made simple!

DM us if you’re having any trouble with you QUICKBOOKS Online.

05/01/2023

𝐇𝐨𝐰 𝐒𝐡𝐨𝐩𝐢𝐟𝐲 𝐒𝐞𝐥𝐥𝐞𝐫𝐬 𝐂𝐚𝐧 𝐓𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦 𝐓𝐡𝐞𝐢𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐄𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞 (𝐔𝐬𝐢𝐧𝐠 𝐁𝐨𝐧𝐣𝐨𝐫𝐨)

𝐀𝐬 𝐚𝐧 𝐨𝐧𝐥𝐢𝐧𝐞 𝐬𝐞𝐥𝐥𝐞𝐫, 𝐲𝐨𝐮 𝐤𝐧𝐨𝐰 𝐡𝐨𝐰 𝐢𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐩𝐫𝐨𝐯𝐢𝐝𝐢𝐧𝐠 𝐚 𝐠𝐫𝐞𝐚𝐭 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞 𝐢𝐬. 𝐇𝐚𝐩𝐩𝐲 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫𝐬 𝐤𝐞𝐞𝐩 𝐜𝐨𝐦𝐢𝐧𝐠 𝐛𝐚𝐜𝐤 𝐚𝐧𝐝 𝐬𝐩𝐫𝐞𝐚𝐝𝐢𝐧𝐠 𝐭𝐡𝐞 𝐰𝐨𝐫𝐝 𝐚𝐛𝐨𝐮𝐭 𝐲𝐨𝐮𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬, 𝐥𝐞𝐚𝐝𝐢𝐧𝐠 𝐭𝐨 𝐦𝐨𝐫𝐞 𝐬𝐚𝐥𝐞𝐬 𝐚𝐧𝐝 𝐠𝐫𝐨𝐰𝐭𝐡. 𝐇𝐨𝐰𝐞𝐯𝐞𝐫, 𝐰𝐢𝐭𝐡 𝐬𝐨 𝐦𝐮𝐜𝐡 𝐜𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧, 𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐨𝐮𝐭 𝐚𝐧𝐝 𝐜𝐫𝐞𝐚𝐭𝐢𝐧𝐠 𝐚 𝐦𝐞𝐦𝐨𝐫𝐚𝐛𝐥𝐞 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞 𝐟𝐨𝐫 𝐲𝐨𝐮𝐫 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫𝐬 𝐜𝐚𝐧 𝐭𝐚𝐤𝐞 𝐭𝐢𝐦𝐞 𝐚𝐧𝐝 𝐞𝐟𝐟𝐨𝐫𝐭. 𝐓𝐡𝐚𝐭'𝐬 𝐰𝐡𝐞𝐫𝐞 𝐁𝐨𝐧𝐣𝐨𝐫𝐨 𝐜𝐨𝐦𝐞𝐬 𝐢𝐧.

𝐁𝐨𝐧𝐣𝐨𝐫𝐨 𝐢𝐬 𝐚 𝐯𝐢𝐝𝐞𝐨 𝐦𝐞𝐬𝐬𝐚𝐠𝐢𝐧𝐠 𝐩𝐥𝐚𝐭𝐟𝐨𝐫𝐦 𝐭𝐡𝐚𝐭 𝐡𝐞𝐥𝐩𝐬 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬 𝐜𝐫𝐞𝐚𝐭𝐞 𝐩𝐞𝐫𝐬𝐨𝐧𝐚𝐥𝐢𝐳𝐞𝐝 𝐯𝐢𝐝𝐞𝐨𝐬 𝐟𝐨𝐫 𝐭𝐡𝐞𝐢𝐫 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫𝐬. 𝐖𝐢𝐭𝐡 𝐁𝐨𝐧𝐣𝐨𝐫𝐨, 𝐒𝐡𝐨𝐩𝐢𝐟𝐲 𝐬𝐞𝐥𝐥𝐞𝐫𝐬 𝐜𝐚𝐧 𝐭𝐚𝐤𝐞 𝐭𝐡𝐞𝐢𝐫 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞 𝐭𝐨 𝐭𝐡𝐞 𝐧𝐞𝐱𝐭 𝐥𝐞𝐯𝐞𝐥 𝐛𝐲 𝐬𝐞𝐧𝐝𝐢𝐧𝐠 𝐩𝐞𝐫𝐬𝐨𝐧𝐚𝐥𝐢𝐳𝐞𝐝 𝐯𝐢𝐝𝐞𝐨𝐬 𝐚𝐭 𝐯𝐚𝐫𝐢𝐨𝐮𝐬 𝐛𝐮𝐲𝐞𝐫 𝐣𝐨𝐮𝐫𝐧𝐞𝐲 𝐬𝐭𝐚𝐠𝐞𝐬.

𝐇𝐞𝐫𝐞'𝐬 𝐡𝐨𝐰 𝐒𝐡𝐨𝐩𝐢𝐟𝐲 𝐬𝐞𝐥𝐥𝐞𝐫𝐬 𝐜𝐚𝐧 𝐭𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦 𝐭𝐡𝐞𝐢𝐫 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞 𝐮𝐬𝐢𝐧𝐠 𝐁𝐨𝐧𝐣𝐨𝐫𝐨:

𝐖𝐞𝐥𝐜𝐨𝐦𝐞 𝐕𝐢𝐝𝐞𝐨𝐬
𝐖𝐡𝐞𝐧 𝐚 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐦𝐚𝐤𝐞𝐬 𝐭𝐡𝐞𝐢𝐫 𝐟𝐢𝐫𝐬𝐭 𝐩𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐟𝐫𝐨𝐦 𝐲𝐨𝐮𝐫 𝐒𝐡𝐨𝐩𝐢𝐟𝐲 𝐬𝐭𝐨𝐫𝐞, 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐬𝐞𝐧𝐝 𝐭𝐡𝐞𝐦 𝐚 𝐩𝐞𝐫𝐬𝐨𝐧𝐚𝐥𝐢𝐳𝐞𝐝 𝐰𝐞𝐥𝐜𝐨𝐦𝐞 𝐯𝐢𝐝𝐞𝐨 𝐭𝐡𝐚𝐧𝐤𝐢𝐧𝐠 𝐭𝐡𝐞𝐦 𝐟𝐨𝐫 𝐜𝐡𝐨𝐨𝐬𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐞. 𝐓𝐡𝐢𝐬 𝐯𝐢𝐝𝐞𝐨 𝐛𝐫𝐢𝐞𝐟𝐥𝐲 𝐢𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐞𝐬 𝐲𝐨𝐮𝐫 𝐛𝐫𝐚𝐧𝐝, 𝐲𝐨𝐮𝐫 𝐯𝐚𝐥𝐮𝐞𝐬, 𝐚𝐧𝐝 𝐰𝐡𝐚𝐭 𝐬𝐞𝐭𝐬 𝐲𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐞 𝐚𝐩𝐚𝐫𝐭 𝐟𝐫𝐨𝐦 𝐨𝐭𝐡𝐞𝐫𝐬. 𝐀 𝐰𝐞𝐥𝐜𝐨𝐦𝐞 𝐯𝐢𝐝𝐞𝐨 𝐬𝐡𝐨𝐰𝐬 𝐲𝐨𝐮𝐫 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫𝐬 𝐭𝐡𝐚𝐭 𝐲𝐨𝐮 𝐚𝐩𝐩𝐫𝐞𝐜𝐢𝐚𝐭𝐞 𝐭𝐡𝐞𝐢𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐚𝐧𝐝 𝐬𝐞𝐭𝐬 𝐭𝐡𝐞 𝐭𝐨𝐧𝐞 𝐟𝐨𝐫 𝐚 𝐩𝐨𝐬𝐢𝐭𝐢𝐯𝐞 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞.

𝐓𝐡𝐚𝐧𝐤 𝐘𝐨𝐮 𝐕𝐢𝐝𝐞𝐨𝐬
𝐀𝐟𝐭𝐞𝐫 𝐚 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐦𝐚𝐤𝐞𝐬 𝐚 𝐩𝐮𝐫𝐜𝐡𝐚𝐬𝐞, 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐬𝐞𝐧𝐝 𝐭𝐡𝐞𝐦 𝐚 𝐭𝐡𝐚𝐧𝐤-𝐲𝐨𝐮 𝐯𝐢𝐝𝐞𝐨 𝐭𝐨 𝐬𝐡𝐨𝐰 𝐚𝐩𝐩𝐫𝐞𝐜𝐢𝐚𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐭𝐡𝐞𝐢𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬. 𝐓𝐡𝐢𝐬 𝐯𝐢𝐝𝐞𝐨 𝐜𝐚𝐧 𝐢𝐧𝐜𝐥𝐮𝐝𝐞 𝐚 𝐩𝐞𝐫𝐬𝐨𝐧𝐚𝐥𝐢𝐳𝐞𝐝 𝐦𝐞𝐬𝐬𝐚𝐠𝐞 𝐭𝐡𝐚𝐧𝐤𝐢𝐧𝐠 𝐭𝐡𝐞𝐦 𝐟𝐨𝐫 𝐭𝐡𝐞𝐢𝐫 𝐩𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐚𝐧𝐝 𝐥𝐞𝐭𝐭𝐢𝐧𝐠 𝐭𝐡𝐞𝐦 𝐤𝐧𝐨𝐰 𝐲𝐨𝐮'𝐫𝐞 𝐚𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐭𝐨 𝐚𝐧𝐬𝐰𝐞𝐫 𝐚𝐧𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬. 𝐀 𝐭𝐡𝐚𝐧𝐤-𝐲𝐨𝐮 𝐯𝐢𝐝𝐞𝐨 𝐬𝐡𝐨𝐰𝐬 𝐲𝐨𝐮𝐫 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫𝐬 𝐭𝐡𝐚𝐭 𝐲𝐨𝐮 𝐜𝐚𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐞𝐢𝐫 𝐬𝐚𝐭𝐢𝐬𝐟𝐚𝐜𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐡𝐞𝐥𝐩𝐬 𝐛𝐮𝐢𝐥𝐝 𝐭𝐫𝐮𝐬𝐭 𝐚𝐧𝐝 𝐥𝐨𝐲𝐚𝐥𝐭𝐲.

𝐀𝐛𝐚𝐧𝐝𝐨𝐧𝐞𝐝 𝐂𝐚𝐫𝐭 𝐕𝐢𝐝𝐞𝐨𝐬
𝐒𝐮𝐩𝐩𝐨𝐬𝐞 𝐚 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐚𝐝𝐝𝐬 𝐢𝐭𝐞𝐦𝐬 𝐭𝐨 𝐭𝐡𝐞𝐢𝐫 𝐜𝐚𝐫𝐭 𝐛𝐮𝐭 𝐝𝐨𝐞𝐬𝐧'𝐭 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐭𝐡𝐞 𝐩𝐮𝐫𝐜𝐡𝐚𝐬𝐞. 𝐈𝐧 𝐭𝐡𝐚𝐭 𝐜𝐚𝐬𝐞, 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐬𝐞𝐧𝐝 𝐭𝐡𝐞𝐦 𝐚 𝐩𝐞𝐫𝐬𝐨𝐧𝐚𝐥𝐢𝐳𝐞𝐝 𝐯𝐢𝐝𝐞𝐨 𝐫𝐞𝐦𝐢𝐧𝐝𝐢𝐧𝐠 𝐭𝐡𝐞𝐦 𝐨𝐟 𝐭𝐡𝐞 𝐢𝐭𝐞𝐦𝐬 𝐢𝐧 𝐭𝐡𝐞𝐢𝐫 𝐜𝐚𝐫𝐭 𝐚𝐧𝐝 𝐨𝐟𝐟𝐞𝐫𝐢𝐧𝐠 𝐚𝐧𝐲 𝐚𝐬𝐬𝐢𝐬𝐭𝐚𝐧𝐜𝐞 𝐭𝐡𝐞𝐲 𝐦𝐚𝐲 𝐧𝐞𝐞𝐝 𝐭𝐨 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐭𝐡𝐞𝐢𝐫 𝐩𝐮𝐫𝐜𝐡𝐚𝐬𝐞. 𝐀𝐛𝐚𝐧𝐝𝐨𝐧𝐞𝐝 𝐜𝐚𝐫𝐭 𝐯𝐢𝐝𝐞𝐨𝐬 𝐜𝐚𝐧 𝐡𝐞𝐥𝐩 𝐫𝐞𝐜𝐨𝐯𝐞𝐫 𝐥𝐨𝐬𝐭 𝐬𝐚𝐥𝐞𝐬 𝐚𝐧𝐝 𝐬𝐡𝐨𝐰 𝐲𝐨𝐮𝐫 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫𝐬 𝐭𝐡𝐚𝐭 𝐲𝐨𝐮'𝐫𝐞 𝐜𝐨𝐦𝐦𝐢𝐭𝐭𝐞𝐝 𝐭𝐨 𝐩𝐫𝐨𝐯𝐢𝐝𝐢𝐧𝐠 𝐭𝐡𝐞𝐦 𝐰𝐢𝐭𝐡 𝐚 𝐬𝐞𝐚𝐦𝐥𝐞𝐬𝐬 𝐬𝐡𝐨𝐩𝐩𝐢𝐧𝐠 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞.

𝐏𝐨𝐬𝐭-𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐕𝐢𝐝𝐞𝐨𝐬
𝐀𝐟𝐭𝐞𝐫 𝐚 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐫𝐞𝐜𝐞𝐢𝐯𝐞𝐬 𝐭𝐡𝐞𝐢𝐫 𝐩𝐮𝐫𝐜𝐡𝐚𝐬𝐞, 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐬𝐞𝐧𝐝 𝐭𝐡𝐞𝐦 𝐚 𝐯𝐢𝐝𝐞𝐨 𝐭𝐡𝐚𝐧𝐤𝐢𝐧𝐠 𝐭𝐡𝐞𝐦 𝐟𝐨𝐫 𝐭𝐡𝐞𝐢𝐫 𝐩𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐚𝐧𝐝 𝐚𝐬𝐤𝐢𝐧𝐠 𝐟𝐨𝐫 𝐟𝐞𝐞𝐝𝐛𝐚𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞𝐢𝐫 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞. 𝐓𝐡𝐢𝐬 𝐟𝐞𝐞𝐝𝐛𝐚𝐜𝐤 𝐜𝐚𝐧 𝐡𝐞𝐥𝐩 𝐲𝐨𝐮 𝐢𝐦𝐩𝐫𝐨𝐯𝐞 𝐲𝐨𝐮𝐫 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞 𝐚𝐧𝐝 𝐬𝐡𝐨𝐰 𝐲𝐨𝐮𝐫 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫𝐬 𝐭𝐡𝐚𝐭 𝐲𝐨𝐮 𝐯𝐚𝐥𝐮𝐞 𝐭𝐡𝐞𝐢𝐫 𝐨𝐩𝐢𝐧𝐢𝐨𝐧.

𝐅𝐨𝐥𝐥𝐨𝐰-𝐔𝐩 𝐕𝐢𝐝𝐞𝐨𝐬
𝐀𝐟𝐭𝐞𝐫 𝐚 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐡𝐚𝐬 𝐩𝐮𝐫𝐜𝐡𝐚𝐬𝐞𝐝, 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐬𝐞𝐧𝐝 𝐭𝐡𝐞𝐦 𝐚 𝐟𝐨𝐥𝐥𝐨𝐰-𝐮𝐩 𝐯𝐢𝐝𝐞𝐨 𝐜𝐡𝐞𝐜𝐤𝐢𝐧𝐠 𝐭𝐡𝐞𝐢𝐫 𝐬𝐚𝐭𝐢𝐬𝐟𝐚𝐜𝐭𝐢𝐨𝐧 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐩𝐫𝐨𝐝𝐮𝐜𝐭 𝐚𝐧𝐝 𝐨𝐟𝐟𝐞𝐫𝐢𝐧𝐠 𝐚𝐧𝐲 𝐚𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐚𝐬𝐬𝐢𝐬𝐭𝐚𝐧𝐜𝐞 𝐭𝐡𝐞𝐲 𝐦𝐚𝐲 𝐧𝐞𝐞𝐝. 𝐓𝐡𝐢𝐬 𝐟𝐨𝐥𝐥𝐨𝐰-𝐮𝐩 𝐜𝐚𝐧 𝐛𝐮𝐢𝐥𝐝 𝐭𝐫𝐮𝐬𝐭 𝐚𝐧𝐝 𝐥𝐨𝐲𝐚𝐥𝐭𝐲 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮𝐫 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫𝐬 𝐚𝐧𝐝 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐭𝐡𝐞 𝐥𝐢𝐤𝐞𝐥𝐢𝐡𝐨𝐨𝐝 𝐨𝐟 𝐫𝐞𝐩𝐞𝐚𝐭 𝐩𝐮𝐫𝐜𝐡𝐚𝐬𝐞𝐬.

𝐄-𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐞 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬 𝐜𝐚𝐧 𝐭𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦 𝐭𝐡𝐞𝐢𝐫 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞 𝐮𝐬𝐢𝐧𝐠 𝐁𝐨𝐧𝐣𝐨𝐫𝐨 𝐛𝐲 𝐜𝐫𝐞𝐚𝐭𝐢𝐧𝐠 𝐩𝐞𝐫𝐬𝐨𝐧𝐚𝐥𝐢𝐳𝐞𝐝 𝐯𝐢𝐝𝐞𝐨𝐬 𝐟𝐨𝐫 𝐭𝐡𝐞𝐢𝐫 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫𝐬 𝐚𝐭 𝐯𝐚𝐫𝐢𝐨𝐮𝐬 𝐬𝐭𝐚𝐠𝐞𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐛𝐮𝐲𝐞𝐫 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐓𝐡𝐞𝐬𝐞 𝐯𝐢𝐝𝐞𝐨𝐬 𝐜𝐚𝐧 𝐡𝐞𝐥𝐩 𝐛𝐮𝐢𝐥𝐝 𝐭𝐫𝐮𝐬𝐭, 𝐥𝐨𝐲𝐚𝐥𝐭𝐲, 𝐚𝐧𝐝 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐬𝐚𝐭𝐢𝐬𝐟𝐚𝐜𝐭𝐢𝐨𝐧, 𝐥𝐞𝐚𝐝𝐢𝐧𝐠 𝐭𝐨 𝐦𝐨𝐫𝐞 𝐬𝐚𝐥𝐞𝐬 𝐚𝐧𝐝 𝐠𝐫𝐨𝐰𝐭𝐡 𝐟𝐨𝐫 𝐲𝐨𝐮𝐫 𝐄𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐞 𝐬𝐭𝐨𝐫𝐞.

04/24/2023

INVENTORY IS CASH!

Know where it is and how much you have. Regularly conduct counts and make adjustments to understand your cash flow.

Don’t fall short by overstocking, while keeping enough to meet customer demand.

04/24/2023