A big part of cash flow management is managing accounts payable.
In this post, and video below, I’ll share 4 Tactics to Improve Accounts Payable, so that you can improve brewery cash flow.
4 Tactics to Improve Brewery Accounts Payable
- Document where, when and how money leaves your business
- Use purchase orders
- Create checklists to document your A/P process
- Conduct regular audits of your A/P (money out) process
Watch the short video: 4 Tactics to Improve Accounts Payable
P.S. We have an entire course on how to create a brewery cash flow management program. It’s included with your subscription to Craft Brewery Financial Training. Sign up this month and receive a special bonus: The Brewery Cash Flow White Paper.