Weekly Flash Report

Every Owner/CEO/President of every small to medium-sized Company should receive a "Weekly Flash Report" prior to noon on Monday that reports the following information:

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: Last Week's Closing Balance, the week's barrowings, the paydowns, and the ending loan balance.

3. The aging status for the past 5 weeks for Accounts Receivables: Current, 31 - 60, 61 - 90, 90 days and older (both dollars and percentage of the total).

4. The aging status for the past 5 weeks for Accounts Payables: Current, 31 - 60, 61 - 90, 90 days and older (both dollars and percentage of the total).

5. The payroll expense for the past 5 weeks broken down into categories: Administrative, Sales, Manufacturing, etc. (both dollars and percentage of the total).

6. Sales Statistics for the past five weeks: Customer Proposals, Orders Received, Shipped Orders, etc.

If the Senior manager of the Company has this information available to him or her every week, the company can be managed properly while monthly financial statements almost become obsolete.