flow problems are undoubtedly one of the main factors in business
failure in the UK because without a steady stream flowing in
and out a business’ credit and growth can be adversely
To avoid these
problems and encourage your business to grow it is vital that
you manage and forecast your cash flow. BKC Accountants offer
a number of services that will help you to keep the money flowing
smoothly through your business, these include:
your cash flow by studying your customers' paying habits so
you can predict when and how much they will spend.
2. Tracking your
expenses each month by comparing your projected expenses to
your actual expenses. This will help you to anticipate the need
for more cash and therefore react immediately.
your sales revenues monthly, quarterly and yearly so that you
can spend accordingly.
As well as keeping
your business running efficiently, cash flow projections are
also important for securing a bank loan or investment from a
third party. You will also be able to see at a glance the timing
of expected payments in relation to suppliers, wages, capital
expenditure, loan repayments, dividends, tax and interest.