Why is cash flow important?
Cash flow is the blood that keeps the heart of your business pumping. In fact, poor cash flow can often stunt a business's growth. Here is why.
In business, there is almost always a disconnect between the time you need to pay your suppliers and administrative costs and the time it takes your customers to pay you. Customers often take 30, 60, sometimes 90-days to pay their bills to your company, yet your company's fuel bills, payroll, insurances, etc. need to be paid immediately.
During the lag time between invoicing your customer and getting paid, you still need to pay the expenses necessary to operate your business; and that takes cash flow. That is true whether you do business in Canada, the US or internationally. Accounts Receivable Factoring from Accutrac Capital is an ideal financial tool to ease the burden and restore reliable, steady cash flow.