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Cash is King: The importance of monitoring and controlling cash

September 2014 - We've all heard the proverbial saying "cash is king" but how does a business (or kingdom!) protect its king?  Cash is critical and it is commonly used to determine the health and wealth of a business.  Sufficient amounts of cash provide the necessary buying power to provide a stream of income to the business owners, keep it current on all its obligations, and purchase equipment when the business needs it most.

To read more of this Silver Advantage Accounting Alert by John Poulopoulos and Jennifer Birmingham of our member firm in Chicago, Michael Silver & Co., please Click here