cashflow management

Top Ten Tips to Avoid Late Payment

A proactive approach to credit management is key to establishing good relationships and ensuring viable credit terms, which can then help small and medium-sized enterprises (SMEs) punch above their weight, says ACCA (the Association of Chartered Certified Accountants) and Kingston Smith LLP today. This advice, coupled with ten top tips for SMEs to cope with credit, comes after publication of the Independent Commission on Banking’s interim report on banking reforms last week. While ACCA does not believe that the Commission’s interim report will bring about any dramatic changes for SMEs in the UK when it comes to accessing finance, it does believe that practical guidance is needed for SMEs on what they can and should do to cope with money issues. This practical advice has been compiled... »

Steve Howard of The Climate Group on climate change and the Copenhagen climate deal

SMEs Urged: Address Cashflow Now

With lack of cashflow a key factor in the majority of business failures, leading independent invoice financier Bibby Financial Services is urging small businesses to address their finances now to avoid becoming another statistic. Despite insolvency experts predicting a wave of business failures next year as evidence mounts that the UK is at the ‘midpoint of a W-shaped recession’ in which insolvencies peak after GDP stops shrinking, Bibby Financial Services believes there are many options available to firms that could prevent them entering a Company Voluntary Arrangement (CVA) or going into liquidation. Edward Rimmer, chief executive, UK and Ireland, Bibby Financial Services said: “Despite well-intentioned efforts by the Government to increase the funding available to smal... »

Cashflow Management

Cashflow Management: The Basics Introduction Cash is the oxygen that enables a small business to survive and prosper, and is the primary indicator of business health. While a business can survive for a short time without sales or profits, without cash it will die. For this reason the inflow and outflow of cash need careful monitoring and management. This guide looks at the key elements of cashflow and at how cashflow management will help protect the financial security of your business. It outlines the steps that you can take when dealing with your customers, suppliers and stakeholders to improve cashflow. It also highlights common cashflow problems and how to avoid them. Read on to find out: All About Cash – The difference between cash & profit and the fact that cash is king (cas... »