fwdaccounting

Manage your Christmas cash flow

Christmas can cause a cash flow crisis for small businesses, but you can prevent problems from spilling into the New Year: Get your invoices out early. Ensure December and January invoices go out well before Christmas to give your customers the chance to pay before the break. Encourage customers to pay before Christmas if they […]

Dealing with uncertainty – tips for business owners

Inflation may be down but there’s still real uncertainty for business owners. We’ve been trading in challenging times for a number of years now. Knowing what step to take next is a key worry, we know you invest more than simply time and money into your business. It is more than a job but part […]

Understanding your revenue drivers

For your business to make money, you need to generate revenue. You produce revenue through your usual business activity, by making sales, getting your invoices paid, or taking cash from paying customers. So, the better you are at selling your products/services and bringing money into the business, the higher your revenue levels will be. But […]

The Value of Cashflow Forecasting for Your Business

Projecting your cashflow pipeline forwards is vital. To be able to navigate the future path of your cashflow, you need to start forecasting – so you can map out your financial position over the coming months and can take the appropriate action to safeguard your cash position. Plus, when you have access to detailed forecasts […]

Just Breathe – how to cope when the heat’s on

It’s not always easy to keep your cool with unhappy customers. Take a minute. The best result is for you and the customer to feel okay with the outcome, for onlookers to see you and your team are professional, and for the customer to tell their friends how well you responded. Focus on your endgame. […]

Following up on invoice payment in a down economy

It can feel challenging to chase up payment of invoices when the economy has been down, but it is important to keep cash flowing into your business so you can cover expenses and meet your obligations to others. As with all dealings in more difficult times, some empathy and a lot of open communication can […]