Get in control of cashflow
It's a well-worn phrase, but cashflow really is the lifeblood of your business.
When your cash inflows are greater than your cash outflows, that puts you in a positive cashflow position - giving you the liquid cash needed to trade, improve and grow as a business.
But if costs start to outstrip your income, that can leave too little cash in the pot. This results in mounting debt, problems paying suppliers and (in the worst cases) the failure of your business.
So it's vital to get proactive with cashflow management!
Fast ways to improve your cashflow
Cashflow is an ongoing process, where you need to constantly track, monitor and act on the numbers you see in your regular cashflow statements.
A negative cashflow position can be due to a number of factors, whether it's insufficient sales, slow payment of invoices or poor cost management. The solution to these issues is to take a proactive and holistic approach to improving the company's cash situation.
Some key ways to boost your cash position include:
Talk to us about improving your cashflow
If cashflow is becoming a headache for your business, we can quickly help you get back in control of your cash position - and attain that all-important positive cashflow position.
Get in touch to improve your cashflow.
Accounting & Advisory – Townsville
PH 07 4729 2222
Level 1, 250 Ross River Road
Aitkenvale, Townsville, QLD 4814