BOYNE FALLS, Mich. - Attendees to the Michigan Chapter of the Air Conditioning Contractors of America (MIACCA) Convention learned about the importance of cash flow to the balance sheet. Gary Figurski, a certified valuation analyst (CVA) and business owner, told contractors that cash flow is the first thing he looks at when reviewing a company's profit and loss statement.
He said that cash flow - defined as what is available to the owner to take out of the business - is important for a number of reasons, including: