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Chapter 27. Budgeting > CPA Tip: Borrowing Money for Payables?

CPA Tip: Borrowing Money for Payables?

Your cash flow seems tight and you are worried that there won’t be enough money to pay the bills as you move into your busiest time of the year. Should you borrow money to meet the payables or roll the dice and see what happens as the year progresses?

Never roll the dice and take a chance with your business when you can use the tools at hand to get the answers to your questions. Prepare your budget as described in this chapter, and then analyze your performance for the year based on your company history and your projections for this year.


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