Please visit https://www.companyrescue.co.uk/ for confidential help and insolvency advice or email keiths@ksagroup.co.uk

Monday, 12 May 2014

Manage cashflow daily to avoid problems

"Turnover is vanity, profit is sanity and cashflow is reality."

If your company does not have a daily cashflow system set up, now is the time to do it. It's good business sense to regularly look at finances so you can spot any potential issues early on.

Why not try our free daily cashflow template? As part of improving cashflow, it's important to look at how you organise debtor collection. late payers are not good customers! See our top tips to help bring in those late payments.

Don't forget the power of cost cutting in your daily or weekly review of accounts. Keeping a good grip on finances can help you pinpoint the non-essential costs from the essential ones. We also have a handy guide to cost cutting too!

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Many thanks for your comments. If you have a private business problem and you want advice give us a call on 0800 9700 539 or email me at keiths@companyrescue.co.uk. If you are a professional advisor with a troubled client, please suggest they visit www.companyrescue.co.uk or contact me as above.

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