I know you’re thinking that my accountant doesn’t worry about my cash flow.
They’re totally REACTIVE.
Not PROACTIVE.
And I know what you mean.
Most CPA’s fall into this trap.
The truth is most accountants are just a cost.
The cost of getting the books done.
But when you work with me.
It’s not just about basic accounting.
It is about increasing profits, improving cash flows and effectively managing your inventory.
For most eCommerce businesses, cash flow constraints are often the biggest roadblock for them to scale their business.
An otherwise healthy business can fail due to lack of cash flow management even if their business is highly profitable.
I included two important hacks for increasing your cash flow below.
If you’re ready to take the next step, book your 1-on-1 meeting with me
TODAY!
https://go.camusocpa.com/schedule-ecommerce-cfo-ss39611765
👇 I recorded a video going over this below
Forecast & Manage Inventories
Inventory turnover can be one of the most important financial ratios for ecommerce business owners to monitor and manage.
It measures the liquidity of your inventory and can help you determine how to increase sales.
If you carry too much inventory you are tying up cash flow that could be providing you a return by expanding marketing, employees, etc.
This includes the hidden costs of inventory that’s not turning over, including space, insurance, taxes and capital costs.
Monitor this on a monthly basis in your financial dashboard.
The key to avoiding excess inventory is improving your sales forecasting.
There are a variety of strategies that can be used to improve the inventory turnover ratio including increasing demand for inventory through marketing campaigns, effectively negotiating with key suppliers, improving overall inventory purchasing strategies, liquidating inventory and/ or utilizing various pricing and packing strategies to increase overall sales value.
If you’re ready to take the next step, book your 1-on-1 meeting with me
TODAY!
https://go.camusocpa.com/schedule-ecommerce-cfo-ss39611765
Forecast Sales & Cash Flows
The insight into your current operational cash flows and planning your future cash flows are major steppingstones in scaling your business.
Key Performance Indicators for cash flow management are determined by forecasting sales and cash flow.
Monitor this on a monthly basis in your financial dashboard.
The key to managing cash flows is using a variety of financial assessments in combination with cash flow forecasts to determine the health of your business and monthly cash flow.
There are a variety of strategies that can be used to improve cash flows including strategic negotiations with suppliers, managing inventory purchases, cutting non-critical overhead costs, optimizing financing options and much more.
At Camuso CPA, we partner with your company to not only handle your basic accounting but to provide ACTIONABLE and PROACTIVE financial insights that improve your business and increase your profits.
Whether it’s improving your gross margin through pricing strategies based on key performance indicators.
Or improving your cash flow and inventory management with effective forecasting and ratio analysis.
Or customizing your accounting process to effectively track income, expenses and key performance indicators on a per product, customer or sales channel basis.
We’re here to partner with you to take your company to the next level!
If you’re ready to take the next step, book your 1-on-1 meeting with me TODAY!