Cash Flow: Why Your Business Needs to Forecast & How to Get Started

A cash flow forecast is a plan that shows how much money a business expects to receive in and pay out over a given period of time. If a business runs out of cash and is not able to meet its obligations such as paying suppliers, creditors and staff, it will become insolvent. It is never …

4 apps to stop late payments affecting your business’ cash flow

Debtors and late-payers—the bane of every business owner. No matter how profitable your business is, it won’t survive without good cash flow. If you can’t pay your bills on time, you may end up trading while insolvent. And that’s not just bad business—that’s illegal. But to do that, you need your clients to pay their …

Finally. An Easy Way to Track your Personal Spending Patterns.

Most people will quite literally earn millions of dollars in their lifetime. Yet many people struggle financially and live from one pay period to the next. With the ageing population and many Baby Boomers now continuing to work—at least on a part-time basis—past the traditional retirement age, people are working more years than ever. Even …

How To Have A Seasoned CFO Help Guide Your Business Decisions

Larger businesses have a Chief Financial Officer (CFO) on staff. But what can small and medium sized businesses do in this regard? Clearly, larger businesses can afford an in-house CFO. But it goes beyond an affordability issue: Large, successful businesses also understand how crucial the CFO role is to their business performance. The CFO in …

Why Every Business—Regardless of Size—Needs a Cash Flow Forecast

There’s a saying in business, “You can go broke making a profit.” And another, “Cash is king. Profit is theory.” As you know only too well, you don’t pay rent, meet payroll or pay your bills with profit. You pay them with cash. A business can make a lot of sales, have a book full …