More than ever, cashflow is a vital part of staying afloat, whether your business is in recovery or growth mode. Revenue, profit and your bottom line all deserve your attention. But keeping everything running is the baseline. Regular
Tag: cashflow
Should I focus on profits or cashflow?
Turning a profit is at the heart of running any successful company. But should profits be the only financial focus if you’re looking to create a stable, long-term business? Cashflow is the beating heart of your business. Without
How to use forecasts and scenario-planning
For centuries, accounting was all about reviewing historic information – but that only told you about the past, not what was going to happen in the future. If you’re only looking back at past periods and historic numbers,
How long do your customers take to pay you?
A Xero Small Business Insights report showed that late payments to small businesses are improving. But overall, payments often still arrive after due date. Keeping on top of overdue accounts is vital for cashflow. There are some easy
What’s in the forecast?
When we set out on a fishing trip or hike, we always check the weather forecast. It’s no different in business. The forecast tells us if there’s bad weather (poor cashflow) in store based on the direction