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Paying employees and suppliers, and covering the costs of equipment, inventory and operating expenses all add up. Finding the most effective ways to hang on to your cash, while making sure payments are made on time, is critical to managing cash flow.
Gain better control
You have control over the payment of funds because you initiate the transaction.
Once the money is in the recipient’s account, access is immediate.
Enjoy time-savings by setting up electronic cash management
Track expenses with your credit card
Using an ATB credit card to track expenses can help simplify your bookkeeping. The billing cycle also lets you keep funds in our account for 30-45 days after a purchase is made!
Having too much inventory on hand means you’ve had to hand over cash up front. Figure out the right balance to optimize your inventory control.
Get help distinguishing between these two financing options.
Sherwood Park entrepreneur Jacqueline Jacek talks about leaving her comfort zone and shares the 10% rule.
Calgary-based entrepreneur Wade Sparks applies lessons learned in sports to Alberta’s competitive marketplace.
Expert advice on managing your cash flow…we’re guessing you haven’t tried all of these yet!
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