Avoid second lockdown cashflow crisis

Avoid second lockdown cashflow crisis

Does a second lockdown mean cashflow crisis for your business? What can you do to avoid it? We know that a lot more businesses are allowed to stay open this time than were able to in March, but staying open is not necessarily a good outcome. A lot of SMEs have used up...
Cashflow First Aid

Cashflow First Aid

Previously I have talked about the importance of having a cashflow forecast, and how to get started creating one. Next in my series of posts about cashflow is my top tips for first aid for when that forecast is looking gloomy. 1. Good decisions need good data You...
Why bother with a cashflow forecast?

Why bother with a cashflow forecast?

With CBILS, Bounce Back Loans, VAT deferrals, grants etc there may be more cash in the bank now than ever before and your cashflow is sorted for the next couple months. But what happens after that? Lockdown has probably helped the bank balance with customers paying...
What makes good management accounts?

What makes good management accounts?

Usually management accounts look very similar to the set of accounts that you get at the end of the tax year, but on a more regular basis – usually monthly – and in more detail. Most cloud accounting software produces all these reports, so surely that’s enough? In...
Train Life

Train Life

I set myself a couple of challenges with my New Years Resolutions this year: firstly, to reduce my carbon footprint and secondly to use my time more effectively. So the first change to make on the way to achieving these goals was to switch the car for the train where...