Small business commissioner to be appointed

Under the new Enterprise Bill introduced by The Government in the Queen’s Speech, a new small business commissioner is to be appointed to tackle late payments in respect of goods and services. The role of the small business commissioner is to: – Be a first point of contact for small businesses, providing advice and support […]

How to use your cash flow to fuel your growth

In previous blog posts I have talked about the importance of cash flow management and why it is important to your business. The following acticle http://bit.ly/1D2gtnI discusses how the cash flow of your business can fuel the growth of your business. The article also points out the pitfalls of not staying on top of your […]

Cash flow forecasting and why it is important

These two articles show why cash flow forecasting is important in running a business. The first is “The Benefits of Cash Flow Forecasting” and shows why cash flow forecasting is a really useful tool for your business: http://www.connector.barclays.co.uk/article/The-benefits-of-cashflow-forecasting/143?cid=eml-rr-pro-060220141222219. The second is “The Ten Cash Commandments” and this shows why businesses fail if they do not […]

Why does my business need a cash flow forecast?

The last few blog entries have shown you what needs to be included in a rolling three month cash flow forecast. As mentioned previously the cash flow forecast will show you if you have a cash shortfall or cash surplus over the next three months and I have described some of the short term measures […]

How can a cash flow forecast help your business?

Having entered all the known and expected receipts onto our cash flow forecast and all the known and expected payments you now have an overall picture of what the cash position is for the next 13 weeks for your business. You can see where there are likely to be cash shortfalls and surpluses. With this […]

Cash Flow Forecasts and Payments

I mentioned previously that your weekly cash flow forecast should include all your sales/receivables from your customers and therefore to complete the picture you must include all your payments. There will be more categories of payments and the format you choose depends on how much detail you want to show in your cash flow forecast. […]

Cash Flow Forecasts and Receivables

All companies need a weekly cash flow forecast which shows all the forecasted receipts and payments of the business for the coming 13 weeks / 3 months to show whether there will be a cash shortfall or surplus over that period. Every cash flow forecast must include all your sales invoices from your sales/receivables ledger […]