Published On: Mon, Dec 3rd, 2018

Weekly “One Page” Flash Report

Weekly “One Page” Flash Report

In every turnaround that I have ever worked on, I have always implemented my Weekly Flash Report. With this report, I know everything that was going on financially weekly rather than monthly. Monthly is too long of a time to see how the company is positively (or negatively) changing.

Every owner of a company should receive a “Weekly Flash Report” from your controller by noon on Monday, which reports:

  1. The cash balance: Last week’s closing balance, the cash receipts for this week, the disbursements and the ending balance.
  2. The line of credit balance: Last week’s closing balance, the week’s borrowings, the pay downs, and the ending loan balance.
  3. The accounts receivable aging status for the past five weeks: Current, 31 – 60 days, 61 – 90 days, 90 days and older (both dollars and percentage of the total).
  4. The accounts payable aging status for the past five weeks: Current, 31 – 60 days, 61 – 90 days, 90 days and older (both dollars and percentage of the total).
  5. The payroll expense for the past five weeks broken down into categories: Administrative, sales, manufacturing, etc. (both dollars and percentage of the total plus the number of employees for each category).
  6. Sales statistics for the past five weeks: Customer proposals, orders received, shipped orders, etc.

If the owner of the company has this information available weekly, the company can be managed properly while monthly financial statements almost become obsolete. Its essential to have Weekly “One Page” Flash Report.

Robert “Bob” Curry has turned around more than 70 businesses, both large corporations, and small businesses. He comes to your place of business or the site of your choice. The first consultation, of course, is at no charge. Bob Curry has a stellar track record of professional success and excellent formal education, including Masters Degrees in Taxation.

Robert S. Curry

Bob published his first book “From Red to Black – A Business Turnaround – The Matter of ABC Shutters” that is on sale at Amazon.com.

Please read all my blogs at Fortlauderdaleceo.com.

See the website Redtoblackbooks.com.

If you would like to comment on this article, my email address is Bob@ceorsc.com.

Bob resides in Fort Lauderdale, Florida, with his wife, Esther.

About the Author

- Robert S. Curry is an author, seasoned business coach, and successful turnaround specialist. Earlier in his career, he served as President and CEO of three different companies, the largest with annual sales of more than $1 billion dollars - all which experienced successful turnarounds under his management. In the late 1990s, he started his turnaround consulting firm, and for the past twenty years, he has turned around more than seventy distressed companies in many different industries helping each to establish a strong management team and become profitable. He published his first book: From Red to Black – A Business Turnaround – The Matter of ABC Shutters. He resides in Fort Lauderdale, Florida, with his wife, Esther.

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