Maximizing your cash while growing your business?

Now we have vaccines, the economy is slowly returning to normal, and you are perfectly poised to improve and grow your business.
As 2021 unfolds, you may feel like your economic situation is out of your control.

There are more challenges ahead. But to grow your business, it is essential that you have a handle on your cash, both current and projected into the future. There are ways you can gain insights to manage your money and feed your growth.

We are here to help you with your projections and decision-making.

What are the actionable steps you can take to maximize your cash?

  • Reduce your expenses.

Your goal is to keep your cash balance positive. To that end, it will be necessary to control expenditures. With every reduction in your business costs, you are sustaining your growth.

  • Revisit your office space commitment.
  • Reevaluate how much space you now require for your new hybrid workforce model.
  • Take advantage of depressed office space prices to move your organization to less expensive quarters and occupy less space.
  • Have you thought of running your business from home?
  • Considering expanding mobile use throughout your organization?
  • Result: savings on insurance, taxes, utilities, and cleaning services.


  • Work to retain your current employees.
  • Survey your employees to know who is unhappy or thinking of leaving.
  • Consider Covid-19 bonuses, if financially feasible, for your entire staff.
  • Hire contract workers or freelancers to replace those who choose to leave.
  • Result: Savings on recruiting, training, and your reputation remain consistent with your customers. People that are associated with your company are still representing you. Keeping your employees will jumpstart your growth.


  • Switch to cloud computing.
  • Cut capital costs and your ongoing IT expenses.
  • Eliminate servers, maintenance, disaster-recovery provider, server-related resources, software upgrades, and server-related utilities.
  • Attract tech-savvy hires by having the latest technology in use.
  • Result: Flexibility to add/subtract features and storage, as needed, for your cloud apps, availability to everyone 24/7, and SaaS provider is now responsible for data recovery and keeping software up to date.


  • Get paid faster and more frequently.

You are providing a service or selling a product. Your clients’/ customers’ payments are the lifeblood of your business.

  • Invoice electronically.
  • Move your receivables to be entirely electronic.
  • Shorten the terms on your invoices.
  • Eliminate credit, except for your long-term clients/customers.
  • Ask for advance payments from new clients/customers for the first three months.
  • Result: Payments will go directly into your bank, receipts occur as you need them, decreasing the possibilities of non-payment, trimming receivable staff, and savings on salaries, benefits, and employee-related expenses while receiving more monies sooner.


  • Provide incentives for payments.
  • Discount early payments made before the due date.
  • Set an expiration date for discounts.
  • Use late fees to encourage on-time payment.
  • Result: Clients/customers have a reason to pay you ahead of time, and customers/clients also have a reason to pay on time.


  • Cash flow projections define growth strategies.

By creating your accurate cash forecast, you will determine how money is cycling through your company. Once you have done that, you could better manage your business and find ways to generate more profit.

  • Establish a cash flow projection process to measure, monitor, and adjust weekly with a rolling 3-month window.
  • Glean your information from weekly cash flow bank statements.
  • Know your cash inflows and outflows from operating, financing, and investing activities.
  • Result: Sales, expenses, and cash balances data is available for each growth scenario, and effects are anticipated and adjusted as actuals occur.


  • Make decisions to maximize your return on investment.
  • How will your financial position be affected by your funding your expansion?
  • Do you have an emergency reserve to handle your potential unexpected occurrence(s)?
  • Result: Plans are updated and adjusted while maintaining favorable cash positions, and under your leadership, your business thrives.



Understanding your cash flow can be a daunting experience. You can ensure that your business will be running successfully, even at times when loss overtakes profit. Your employees will have confidence in your decision-making, knowing you are moving forward based on data, and have clear plans of action.

Plan! Adapt! Manage! Succeed!

AccuComp Enterprises is a team of experienced CFOs that can help you grow.

Contact us at We are all in this together!