Everyone has experienced the phenomenon of dealing with their savings or checking account banks. When they deposit a check, the bank is quick to credit, while when they write a check, they are slow to debit. This is a phenomenon of accounting, ie take in money as quickly as possible, but dole it out as slowly as possible. At root it is at the heart of cash flow. In this month’s newsletter we discuss some of the challenges inherent in business as belts are tightened and budgets constrict.