Poor cash flow management can be fatal for businesses whatever their size, but particularly when they are small and just starting out. Being able to see where income is likely to slow and outgoings increase means shortfalls can be planned for and solutions found — so the business keeps its momentum and rides out the lean periods.
This guide explores the different aspects that come under the cash flow management banner: what they are, how they affect the bigger picture, and what happens to your business if they are not properly managed.
Inside the guide
◆What cash flow management is, and why it matters
◆Inflows and outflows explained
◆The common cash flow killers
◆What cash flow forecasting involves
◆Golden rules for cash flow forecasting
◆A step-by-step guide to getting paid
◆Late payment legislation, and how it can work for you
Read the cash flow management guide → (opens in a new tab)
Where recovery fits
Forecasting tells you when a shortfall is coming. It does not collect the money that is already late. If your aged debtor book is growing, the sooner action is taken on overdue accounts, the greater the likelihood of recovery.
