Cash Management Services

Cash Management Services

Cash management should be the strongest part of the business analysis for any business to flourish.

For a business cash management means monitoring cash in-flow forecast and meeting all business spending payout on time to earn present and future business revenues. Poor cash management is the main reason for business failure.

Actuit’s cash in-flow management monitors the credit status of your customers and receivables from them as per your company’s credit policy set with the customer. Actuit’s cash out-flow management monitors the credit status of your vendors and other expense payable receivables as per your company’s credit policy with the vendors and expense reimbursement policy for expenses critical for monitoring and reporting, for examples , utilities expenses, travel expenses, statutory liabilities etc .

The outflow of cash includes those checks you write each month to pay salaries, suppliers, and creditors. The inflow includes the cash you receive from customers, lenders, and investors. Actuit’s cash management services helps you to plan for the unforeseen eventualities that in near future business may face.

Cash flow refers to the movement of cash into and out of a business. Watching the cash inflows and outflows is one of the most pressing management tasks for any business. The outflow of cash includes those checks you write each month to pay salaries, suppliers, and creditors. The inflow includes the cash you receive from customers, lenders, and investors.

Actuit’s professionals helps you to practice Good Cash Flow Management, by letting you know in advance:

  • When, where, and how your cash needs will occur
  • Knowing the best sources for meeting additional cash needs – Overdue collections.
  • Keeping good relationships with bankers and other creditors
  • providing cash flow projections

The activity provided by Actuit India includes the following as cash management services:

Process daily purchase/expense bills

  • Prepare cash disbursement requirement sheet
  • Process daily sales and deposit reports
  • Verify daily deposits and report variances
  • Reconcile and verify credit card deposits
  • Reconcile monthly bank statements

Smart business owners know how to develop both short-term (weekly, monthly) cash
flow projections to help them manage daily cash, and long-term (annual, 3-5 year)
Our Cash flow projections have helped businesses to prepare necessary capital
strategy to meet their business needs.

Posted in Blog.