How to Manage Your Cash Using The Central Collection & Disbursement Account Method
When I was first starting out, I found the world was full of general philosophy articles, essays, and commentary about finance, investing, saving money, and starting a business. Very few people offered nuts-and-bolts here-is-how-we-are-structured explanations, though, which is what I valued more than anything else. As I began to approve my monthly banking transactions this afternoon, I thought it might be useful for some of you to see how I setup our cash management system in the early days. The basic structure stays with us, even though it is necessarily more complex.