Bankrupt, insolvent or in need of rescue?
I doubt any business owner is totally ready for the pressure that being in charge can bring. It’s hard being the person at the top, particularly when it comes to having money issues.
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cashflow
Importance of cashflow in a small business
Small businesses have some great tools to manage these ups and downs, and one of them is cashflow. Done in the right way, cashflow management can save your business from disaster and boost it towards growth when things are going well.
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Are you using the right finance tools for your business?
The pace of change in the accountancy software landscape is rapid. A high level look at the Xero App Marketplace shows over 700 apps that you can plug into Xero to help manage the finances of your business.
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Essential tips for credit control
Credit control can be described as the process of ensuring customers pay their invoices on time, and the system in place to resolve the issue if they don’t. Cash flow has been covered in another chapter of this book. Credit control is a vital part of controlling that cash flow.
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5 steps to exterminate the virus of late payment
Struggling with cash flow? Many SMEs are. Maybe cash flow is so slow that you’re not able to pay your staff or yourself a wage – 32% of business owners can’t. If you’re struggling to pay staff on time and can’t pay yourself a decent wage, that’s scary.
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Maintaining healthy cashflow
You wouldn’t believe the number of business owners we meet who misunderstand the concept of cashflow. They often confuse it with turnover. Surely, if your business is busy and you’re sending out loads of invoices, then your cashflow will be great. That money will just flow in. Hmmm … are you sure?
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