Cash flow is the lifeblood of your wastewater business. A hefty balance of accounts receivable might feel like it’s money in the bank, but don’t kid yourself. As long as they’re unpaid, those receivables represent money in your customer’s bank, not yours.
To boost your cash flow, you need to stay on top of those receivables, says Melinda Toy, vice president and director of treasury management for PyraMax Bank, a full-service commercial bank in suburban Milwaukee.
Toy offers a series of tips on how to do that, starting from the moment your customers agree to hire you for the service they
