Keeping on top of your cashflow
Cashflow is just as important to a business as profit. If you're struggling with cashflow there are things you can do to avoid the pitfalls and apply some of the tricks of the trade.
You can also use the following guides to better understand the cashflow state of your business.
I'm running out of cash
If you think you're running out of cash, don't panic. There are small steps you can take to improve your situation.
My customers always pay late
Late payment is a concern and a reality for most businesses that offer credit terms, but you can reduce the risk of it happening.
How can I cut my business costs?
Cutting business costs doesn't necessarily mean reducing your standards, your product or service quality or even your staff numbers. Here are some things you can do.
Cash is king
It's worth remembering the old business saying: turnover is vanity, profit is sanity, but cash is reality. Find out how forecasting is the key to getting your cash flow right.
By Steve Priddy, Director - Technical Policy & Research, ACCA
Small steps you can take now |
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