In the short term, more going out than coming in means a business struggles to pay its bills and might need to borrow money to cover the shortfall. In the longer term, more money going out than coming in means your business can’t continue. We can help you ensure your business has good financial management and foresight to plan for whatever might happen.

1. 11 Tips for Effective Cash Flow
Management
ASSISTANCE WITH ALL YOUR CASH FLOW REQUIREMENTS
Forecasting, monitoring and managing the cash
flow of your business should be a pivotal part of
your overall business strategy.

2. Ensure you have good financial reporting
Switch to online accounting software
Know your taxes
Establish debt chasing procedures
Have a dedicated credit controller
Use a third party to collect your debts
Invoice Accuracy / Send invoice on time
Cut costs and spread payments
Improve how you use bank accounts and
overdrafts/loans
Use letters of credit for bank finance
Avoid overusing petty cash or corporate credit
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