Accounts receivable needs to be monitored to be certain that every customer is adhering to the agreed upon credit terms and that the terms are consistent with your industry. You need to get those receivables turning to cash. Accounts payable should be reviewed to be sure that your company's cash is not being paid to suppliers prior to the required payment dates.
In addition to the in-depth review of each of the current assets and current liabilities, companies need to review its staffing in light of current levels of business and the recent advances in software and technology. Perhaps the company can function just fine with a few less salaried employees.
Lastly, the selling prices of some of a company's products, especially those that require lots of complex activities and result in many inefficiencies and headaches, may need to be increased.
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