Efficient cash flow management is a cornerstone of sound financial management for a corporation or a small business. Cash flow management is akin to managing a business bank account. To help you better understand, we’ve created a list of the best cash flow management books.
You need to understand your finances well to manage your income and pay off your expenses. Cash flow management comes in handy in such situations.
For a business to succeed, it needs to have an efficient cash flow management plan. Otherwise, insolvency is risky due to insufficient funds to meet expenses.
The 5 Best Cash Flow Management Books
Here we’ve got a list of five of the best cash flow management books. We took our time thoroughly researching these books. We hope you like them because they cover a unique part of cash flow management. From non-profits to small businesses every organization can benefit from these books.
1. Cash Flow Dojo By Martin Saenz
The author is quite forthright about the inner workings of his life as an entrepreneur. Moreover, Martin details his struggles with a healthy work-life balance, family-life balance, and spiritual balance. Additionally, thanks to the author’s first-person narrative, the book is challenging to put down.
Martin has spent most of his adult life in a never-ending loop of learning new things and improving himself. Unquestionably, we recommend “Cash Flow Dojo” to anyone looking to learn about the standard operating procedures of successful businesses.
Starting with establishing a company, generating a win-win situation, and creating numerous income sources. These contributed to our decision to add the book to our short list of the best cash flow management books.
2. The Cash Flow Management Book for Nonprofits by Murray Dropkin and Allyson Hayden
The book delves deeply into the underlying business practices that lead to positive cash flow. Furthermore, it details an insightful analysis of the advantages and disadvantages of non-profit cash flow management in the book.
Afterward, the authors elaborate on the differences between an accrual accounting system and a cash flow forecast. Also discussed are the myriad sources of funding that an organization like this may get. Therefore, they also add the appropriate ways to handle the funding sources.
The book covers a lot of technical stuff that any non-profit would find handy during cash flow management. Due to all this, we believe if you’re involved with a non-profit, this is the best cash flow management book.
3. Cash Flow Is King By Mark A. Mappa
The book provides a detailed overview of personal finance and a comprehensive review of lifelong financial planning. From saving for your children’s college funds to making investments for retirement.
After that, Mark discusses the draw-down period during retirement. He covers the topic in such a way that the average Joe can understand without getting flustered.
Our view after reading the book is that the target audience is every sane person in the world. But you’ll need to be willing to take on a moderate risk to use the advice.
This book is perfect for everyone, from a middle school teacher in a small town to a real estate agent in NY. This is why we’ve included it in the best cash flow management books list.
4. Free Cash Flow By George C. Christy
This is your best option if you’re looking for a comprehensive guide to analyzing businesses with free cash flow. The book is a must-read for anyone looking to tackle valuation from a unique and innovative perspective.
The author concentrated his insights on the idea of free cash flow. On top of that, he focused on management compensation to focus on the use of free cash flow.
The author was also kind enough to give us a detailed explanation of what he means by “free cash flow.” Following this, he added how he arrived at his calculations. You can follow the spreadsheets to conduct an in-depth analysis if you like.
5. Small Business Cash Flow By Denise O’Berry
The book provides a fresh but practical perspective on why cash flow is essential to small businesses. The health of your business can be gauged by its cash flow management practices. Luckily, it’s within our control to make little adjustments that can significantly influence our finances.
The book is perfect for small business owners who need a basic accounting and business theory foundation. This will help in better understanding and controlling cash flow.
With cash flow management becoming increasingly important in these troubling times, the book will help in multiple ways. Therefore, we’ve included the book in our list of the best cash flow management books.
You may also read: THE 5 BEST PORTFOLIO MANAGEMENT BOOKS
Final Words
We’ve created a list of the best cash flow management books to help you understand how cash flow works. The books we’ve discussed will provide actionable advice on managing your cash flows better.
Even if you have a fantastic business strategy and product, you can still fail if you don’t handle your cash flow. Luckily, insights gained from these books will help you lay the groundwork for sustainable growth in your business.
Rabab Rayan is a senior year business undergrad at the Bangladesh University of Professionals with an insatiable appetite for reading. He has a particular enthusiasm for science fiction and mystery genres and can often be found exploring local bookshops and chatting with fellow bookworms about his latest reads.