Fourteen Steps to Cash Flow Management

03/20/2018

Fourteen Steps to Cash Flow Management

The purpose of play is to go out and be happy...to lay down cares and have fun for a while.
William Dorn

Roger Neugebauer, writing in Managing Money in Early Childhood Organizations, offers fourteen steps to successfully managing cash flow. These are the steps he recommends (which he describes in more detail in the book):

"1. Always budget conservatively…

2. Build credibility with your creditors…

3. Establish a line of credit…

4. Set up a rainy day fund…

5. Develop the habit of analyzing cash flow…

6. Maintain confidence in your program…

7. Manage cash flowing in…Manage cash flowing out…

8. Carefully monitor staff schedules…

9. Focus on solutions with a future…

10. Don’t delay taking action…

11. Don’t defer payroll…

12. Don’t defer payroll taxes…

13. Don’t borrow from your future…

14. Don’t delude yourself."

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