A large part of business is planning ahead. It’s about valuations, about future earnings, and sometimes it’s about having enough to cover payroll at the end of the month. Much of this come from knowing what you’re owed, and when it’s coming in: your cash flow. When businesses have purchased your goods or services, chances are your expecting that money to come in and have planned accordingly in your budget. If a buyer was suddenly unable to pay, you can find yourself in a tough situation, with a sudden downturn in profits or dipping into emergency funds to pay your employees. [Read more…]