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Poole & Bournemouth businesses can take advantages of our Cashflow planning and maintenance services
A cashflow can be as simple or in depth as your business requires but even the simplest one can help to highlight your business needs and possible downfalls. This could be a peak of work requiring extra staff along with extra funding. Or in the extreme where work will dip, less staff are needed and then you require supporting funds or borrowing to get through the quieter period.
Anyone lending will want to see that you have a plan on how you expect to repay the money borrowed. Having a cashflow in place will support your request, but you are the one who knows the true health of your business.
To create a basic cashflow we simply take your bank balance and then add in all your Sales due and less all the Direct Debits and Standing Orders along with all the purchase invoices that are due.
It is important to keep your cashflow up to date as businesses and markets are constantly changing and evolving, we advise updating it on a monthly basis, each month just take the closing balance of the last month and you use this as your opening balance of the next. With cashflow you will only have a couple of months of definitive figures, the rest is guesswork and this is where knowledge of your business, suppliers and customers is absolutely critical.
For more information about any of our services please email us at firstname.lastname@example.org or call us on 01202 649997
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