Toledo Regional Chamber of Commerce | Toledo, OH

  • Toledo Chamber
    • About the Chamber >
      • Vision, Mission, History
      • Key Objectives
      • GEO Program
      • Board
      • Staff
      • Directions to Office
    • Become a Member >
      • Membership Application
    • Benefits of Membership >
      • Products and Services >
        • COSEMEWA
      • Creating Networks
      • Business Resources
      • Advocacy and Public Policy
      • Growth Opportunities
      • Talent Attraction & Retention
    • Events Calendar
    • Membership Directory
    • Newsroom >
      • Member News
      • Newsletter Archives
    • Ecommerce
    • Members Only Portal
    • Contact Us
  • Business Resources
    • Small Business Development Center >
      • SBDC Staff
      • Learning Center
    • Ohio SBDC Export Assistance Network >
      • Hannover Messe
    • Toledo Area Small Business Association
    • Business Development Resources
    • Business Connect Submit
    • Emergency Preparedness Resources
  • Advocacy & Public Policy
    • Hot Issues & Legislation
    • State Capital Budget
    • Regional Elected Officials
    • Campaign Central
    • Public Policy Agenda
    • Institute for Leadership & Advocacy
    • Boards and Commissions
    • Veterans Resources
  • Talent & Workforce
    • Talent Attraction
    • Summer in the City 2018 >
      • About the Program
      • 2017 Photo Gallery
      • 2017
      • 2016
    • Interns & College Students
    • Chamber Recruiting Services
    • EPIC
    • Workforce Development
  • Toledo Region
    • Regional Information
    • Visiting
    • Relocating
    • Job Bank
  • Blog
  • Toledo Chamber
    • About the Chamber >
      • Vision, Mission, History
      • Key Objectives
      • GEO Program
      • Board
      • Staff
      • Directions to Office
    • Become a Member >
      • Membership Application
    • Benefits of Membership >
      • Products and Services >
        • COSEMEWA
      • Creating Networks
      • Business Resources
      • Advocacy and Public Policy
      • Growth Opportunities
      • Talent Attraction & Retention
    • Events Calendar
    • Membership Directory
    • Newsroom >
      • Member News
      • Newsletter Archives
    • Ecommerce
    • Members Only Portal
    • Contact Us
  • Business Resources
    • Small Business Development Center >
      • SBDC Staff
      • Learning Center
    • Ohio SBDC Export Assistance Network >
      • Hannover Messe
    • Toledo Area Small Business Association
    • Business Development Resources
    • Business Connect Submit
    • Emergency Preparedness Resources
  • Advocacy & Public Policy
    • Hot Issues & Legislation
    • State Capital Budget
    • Regional Elected Officials
    • Campaign Central
    • Public Policy Agenda
    • Institute for Leadership & Advocacy
    • Boards and Commissions
    • Veterans Resources
  • Talent & Workforce
    • Talent Attraction
    • Summer in the City 2018 >
      • About the Program
      • 2017 Photo Gallery
      • 2017
      • 2016
    • Interns & College Students
    • Chamber Recruiting Services
    • EPIC
    • Workforce Development
  • Toledo Region
    • Regional Information
    • Visiting
    • Relocating
    • Job Bank
  • Blog

Toledo Chamber Blog

Why Can't I Pay My Bills?

10/1/2016

0 Comments

 
By: Charlie Chambers, MBA, CPA, CMA Lead Consultant, Small Business Development Center 
Not long ago I gave a presentation to small business owners to answer the question “My accountant said I made money, why can’t I pay my bills?”  Good question.  I was amazed at how many business owners did not have a clue as to the answer.  Most of them did not seem to realize the impact of their practice of paying vendor invoices and collection of receivables often were not in balance causing the cash shortage.  For example, if you pay your vendors in about 30 days, but collect from your customers at 45 or 60 days, you will need enough cash to cover other operating expenses (such as payroll) for 15 or 30 days.

This imbalance is just one of the ways cash and earnings may not match.  Call your SBDC at the Toledo Regional Chamber of Commerce for a no cost review of your financial statements and let us help you answer the question “Why can’t I pay my bills?”

Picture
​Charlie Chambers is a Certified Public Accountant and a Global Certified Management Account.  Charlie was employed at Owens Corning for 28 years before striking out on his own and has worked as CFO or Controller at a number of area companies.   Charlie now serves as the Lead Financial Consultant for the SBDC and has a passion for helping small businesses to grow.
0 Comments



Leave a Reply.

    Archives

    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016

    Categories

    All
    Advocacy And Public Policy
    Business Development
    EPIC Toledo
    Events
    Membership Opportunity
    New Members
    Our Members

    RSS Feed

Copyright Toledo Regional Chamber of Commerce.  All Rights Reserved.
300 Madison Avenue, Ste. 200  |  Toledo, OH 43604
PHONE: (419) 243-8191 
Terms and Conditions

Picture
✕