Introduction

Cash flow management is an essential skill for businesses, especially for small businesses. Advice for managing cash flow is available from numerous sources. However, these resources have yet to address the implementation of the check clearing for the 21st Century (Check 21) legislation. Many of these sources pay particular attention to small businesses, providing resources that small business owners can utilize to improve their cash flow management. (See, e.g., Bounds or Masonson) Much of the focus of advice on cash management has been on how businesses can increase “float,” the time between when a check is issued and the money is removed from the account of the check issuer. (Ross et al., 639-645)

Articles, Document management
Management, Receivable management