January
12
2010
Remember that cash flow is the movement of cash in and out of your business.
Cash Inflows can be monies received from customers to loans from your bank while Cash Outflows will be all the costs you have incurred to sell that product or service to your customer. These can be raw materials for products, rent, wages, insurance etc.
Managing Cash Inflows
Customer Payments: One of the biggest risks to SME’s is the failure of customers to pay their account on time, if at all. Defaulting or delaying payment can impact upon your ability to secure new raw materials, meet bank repayments or to pay the wages of staff.
So how well do you know your customer base?
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Tags: Cash Flow Management, help with cash flow, improving cash flow
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January
12
2010
Introduction
As business people we are all aware that it is cash that is the real life blood of any business. That old saying, ‘revenue is vanity, profit is sanity, but cash is king’ has never been more pertinent. Access to easy credit lines appears to be a thing of the past, for the immediate future anyway that is. While all too many companies have also seen a severe drop in revenues which has not been matched in a reduction of overheads.
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Tags: cash flow, creditors, Finance, money management
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