Managing cash flow
Managing cash flow is one of the most important things you need to do as a business owner. But the chances are you’ve not started a business to spend your time keeping track of money. We want to help make it easier with some help on how to manage the money flowing in and out of your business.
Late payments
Late payments can have a huge impact on your cash flow, but all businesses have rights when it comes to protecting themselves. The Office of the Small Business Commissioner was set up to help you, and with them, we’ve pulled together some top tips on how to effectively deal with problem payers.
5 steps to creating a cash flow forecast for your business
Poor cash flow is a major reason why small businesses fail. Forecasting can give you time to prepare for challenges before they happen. To give you more control over your business finances we explain why managing your cashflow matters, and how to set up a forecast.
Payment terms and pricing
Late or long payment terms and stagnant pricing can cause real trouble for small businesses. Setting smart payment terms can help your business stay strong and flexible. And regularly reviewing your pricing can help with cash flow, profitability and staying competitive in the market. Read our guide to both.