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Services >Business Advisory Services > Questions to Ask Your CPA > |
Cash Management
- What kind of check-writing controls should I have in place to prevent employees from misusing company funds?
- How can I help protect myself against embezzlement or other unauthorized use of funds?
- How do I prepare cash flow statements, and how do I use them as management tools?
- What can I do to maximize the interest income from my business bank accounts?
- Should I have large compensating balances in the bank, or am I better off paying higher banking fees and reducing my compensating balances?
- How do I determine my breakeven point? Why is this critical? What steps can I take to lower the breakeven point?
- What are five good ways to reduce my company's operating costs?
- Do I need a credit policy? What should it cover and how do I set it up?
- How can I speed-up the collection of receivables? Should I offer discounts for prompt payment?
- When should I write off a receivable as a bad debt? Is it worth taking the customer to court?
- At what point should I cut off delinquent accounts from additional credit purchases?
- Are there ways of maintaining marginal-credit accounts as customers without accepting undue risks of non-payment?
- When paying my company's bills, should I take advantage of early payment discounts or pay late and use the float?
- When should I consider putting my company into Chapter 11? What are the major benefits and drawbacks?
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