To keep on top of things, consider audits. No, auditing isn't just something unpleasant that the IRS does.
Many successful businesses conduct self-audits as a means of monitoring their financial status.
Auditing on a weekly basis can provide a company with the foresight to avoid potential problems that could be detrimental to a company's financial fitness. The process gives a financial administrator valuable knowledge to plan the company's payment and collection schedule. Knowing which accounts need to be paid in full and which can be paid off in stages can help stretch a diminished cash reserve. By neglecting to update financial records, a company could face bankruptcy for no reason other than failing to perform a simple weekly task. Closely monitoring cash flow forces companies to pay more attention to incoming funds and the patterns that are created.