The Basis of Open To Buy for Retailers

    The Basis of Open To Buy for Retailers

    Open to Buy is as simple as a budget of expected expenses (use monthly averages for payroll, rent, utilities, supplies, etc.) combined with planned sales and purchases to create a monthly cash flow budget. Manage your store to that budget by making adjustments to...
    8 Ways to Control Receivables

    8 Ways to Control Receivables

        To keep receivables as liquid as possible, encourage cash, credit and debit card transactions whenever possible. Keep business accounts on a short payables schedule and monitor accounts receivables to keep customers on schedule. Offer longer terms (60...
    Cash FLOW is King in Retail

    Cash FLOW is King in Retail

    Even the best retailers can find themselves in a cash crunch. Cash flow is the single biggest issue retailers face. Profitable companies can find themselves without access to liquid cash. As a retailer, getting your hands on cash and keeping cash flow moving through...