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Better Accounts Receivable: The Ultimate Cash Flow Hack


Total Credits: 1 including 1 Specialized Knowledge - Technical

Average Rating:
   11
Categories:
Partner Produced |  Accounting and Auditing
Speaker:
Kelly Gonsalves
Course Levels:
Basic
Duration:
1 Hour
License:

Dates


Description

If you look at any list of the most common reasons small businesses fail, poor cash flow or lack of access to cash is practically always in the Top 3. So, it stands to reason that money management is a usual suspect when it comes to small business's biggest challenges. Yet, so often the advice we see surrounding cash flow deals with budgeting, pricing, and even well-timed loans and accounts payable practices. It is understandable that small business owners and their financial advisors focus greatly on maximizing profits through sales, good pricing, and smart spending. But the truth is this: no matter how great the budget or the plans for sales and spending for growth, if customers do not pay in a timely manner, all those plans become irrelevant.

Ask anyone who has gone through a business failure—great sales are great, but it's not nearly enough to succeed. So, why is it that we see so many apps and workflows focused on better budgeting, sales, and accounts payable management while overlooking the actual place where cash flow transforms into business health, where the financial rubber meets the road—good, old accounts receivable?

Join Kelly Gonsalves as she walks you through a tune-up to the engine behind all the cash flow planning. Rediscover why healthy A/R is still the linchpin holding up any cash flow and resulting budgeting strategy.

Basic Course Information

Learning Objectives
  • Determine how cash flow is directly tied up with accounts receivable—both long and short-term
  • Evaluate other business practices also directly impacted by accounts receivable health
  • Recognize what constitutes a healthy accounts receivable portfolio and process
  • Identify what other thing somewhat connected to A/R also greatly affects the health and longevity of a business

Major Subjects
  • Accounts Receivable
  • Cash flow for small businesses
  • Apps you can use to manage AR 

Course Materials

Speaker

Kelly Gonsalves Related Seminars and Products


Mix a creative mind with a number-cruncher, then throw in a dash of New York City attitude and what do you get?  Kelly Gonsalves - a true entrepreneur that is all in, all the time.  She has started three companies, including a co-founding role in Ideation: Think Forward.  Kelly is a force to be reckoned with.  

Her first endeavor began in 2015 when Kelly founded Totally Booked (TM).  The purpose: to assist every small business in becoming more profitable by utilizing efficient accounting processes. 

Most people would sit back and coast on their success - but Kelly isn't "most people".  She's shown no signs of slowing down. In 2020, Kelly founded a new venture, totally seo.

The major mission of totally seo is simple: to get accounting professionals and app partners more visibility from the audience they desire, so they can focus on creating the strong business they deserve. 

Where else has this passion for small business solutions taken her?  Kelly is a QuickBooks Advanced Certified ProAdvisor (™), a member of the Intuit Trainer Writer Network, a HubDoc Top 50 Cloud Accountant, on Avalara's Social Media Top 100, an Insightful Accountant Top 10 ProAdvisor, as well as the host of Insightful Accountant's QB Talks: App Neighborhood Watch.

In her downtime Kelly spends her weekend's paddle boarding on the lake with her dog, Nina, cooking up a great meal, or taking on DIY projects at her new home.


Additional Info

Basic Course Information

Prerequisites

A general understanding of accrual accounting, specifically what accounts receivable is.    


Advanced Preparation

None


Designed For

Bookkeeper, CFO / Controller, CPA – small, medium & large firm, Nonprofit Professional & Small Business Owner


Original Recording Date

06/2023


Yellow Book No
Course Developer

MICPA


Date Added to Catalog 03/08/2023

Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints.  anne.taylor@acpen.com, (972-377-8199).


Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Instructional Delivery Method

Group Internet Based


Course Registration Requirements

Online Registration


Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.


Reviews

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Overall:      4.7

Total Reviews: 11

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