According to AccountingToday.com, microbusinesses continue to face bookkeeping challenges throughout the pandemic. They cited a survey conducted among 1,008 microbusinesses, which indicated cash flow as one of the major pain points. Problems in cash flow were caused by overdue customer payments.
A closer look at the problem showed limitations in payment methods offered by businesses. Prior to the pandemic, most of these businesses only accepted cash or check payments and did not rely on an accounting firm for financial resolution strategies.
When it comes to cash flow challenges, a CPA can be one of the most qualified to help your Nashville business. With their help, you can identify problems that limit your cash flow and implement immediate solutions to prevent further financial distress.
Read more from this blog post: https://bit.ly/EvanH30
