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Cashflow and Cashflow Forecast Services

As an SME business owner, you will no doubt have had occasional sleepless nights. Whether waiting on the payment of an invoice from a customer ahead of your upcoming payroll struggles to meeting your VAT return payment by the deadline date, or even paying your OWN salary on time in order to meet your mortgage!

The holy grail is to continuously and consistently grow your business, which usually means a focus on customers and invoicing and turnover. However, ultimately you will know that above all else cash is king!

 

Some key steps around managing your cashflow, or even improving your cashflow, fall into the following areas:

Credit rating…

A credit rating is essentially the assessment of the ‘creditworthiness’ of a borrower or the measurement of a person or business entity’s ability to repay a financial obligation (based on income and past repayment histories).

How are credit ratings calculated or updated?

There are a wide variety of transactions and issues that impact each business or individual’s credit rating. Some of which are publicly available but many of which are privately obtained by credit rating agencies.

How does credit ratings affect my business and can they be improved?

The credit rating of a business has a significant and often hidden impact on many of the day to day activities of a business. In many cases, the negative impact means certain opportunities may not present themselves, so the business owners may never realise these impacts.

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Blogs – Cashflow

HOW TO IMPROVE YOUR BUSINESS CASHFLOW

How to improve your business cashflow

The ‘holy grail’ is obviously to continuously and consistently grow your business, which usually means a focus on customers, invoicing and turnover.

READ MORE
The 10 tips to improving your cashflow

The 10 tips to improving your cashflow

Cash and cashflow is the one thing that impacts directly on the success of your business i.e. you need to ensure that you can pay your staff, pay your suppliers, pay HMRC and also pay yourself!

READ MORE

Cash and cashflow are the one thing that impact directly on the success of your business i.e. you need to ensure that you can pay your staff, pay your suppliers, pay HMRC, and also pay yourself.

It is also important to note that one in five ‘startup’ businesses that did NOT make it to Year 5, gave the reason for failure as being cashflow issues – in other words a lack of cash. Profitability is key to any business’ success, but cash is key to every business’s survival!

Sometimes discussions around managing, or better still improving, a business’ cashflow can be all about reports and forecasting, but frankly, it is generally a variety of simple and practical steps that will make the biggest impact on your cash and cashflow.

My own experience is that there is not one thing that will improve cashflow e.g. credit control, using Stripe, etc. But a combination of the right things being done regularly and consistently each week and each month!

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How can Sakura’s cashflow service help your business?

Review and identify key cashflow issues

Review and identify key cashflow issues

Prepare a 13 Week cashflow report

Prepare a 13 Week cashflow report

Consider specific steps or changes that can improve your cashflow

Consider specific steps or changes that can improve your cashflow

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