Setting up the cashflow can be daunting. We understand it is confusing and you are unsure. We have seen this many times when we have done this for clients, you need guidance and help. We are here to help you.
Read MoreA cashflow forecast is a forecast that will show what the expected bank balance is at a date in future. This is important because it will help show you if you need to borrow money to fill in gaps in your bank balance.
Read MoreWithout cash you cannot pay your bills and run your company the way you want. You need to keep the money coming into your company to make sure that it survives. You need access to finance and loans should you need to fill a gap in your cashflow as well.
Read MoreOne of the things that you will think of is, I need to reduce costs, or I need to make more sales. This is true but you also need to know how they will affect your business. Will reducing costs mean that your customers don’t get a good service? Will increased sales increase my costs?
Read MoreProfits and cashflow are two important numbers that you need to follow for your business. The profits will tell you how we you are doing each year; they tell you what you earned and what you bought. The cashflow will tell you what you spent and what you received. The difference is that cash in the cashflow is only recognised when it hits the bank account.
Read MoreWe get asked a lot by our clients why is my profit different to my bank account? Many of our clients have quite a few concerns with their finances when they start to work with us. They want us to help them get better control over their business.
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