General | Numbers Knowhow https://numbersknowhow.co.uk/category/general/ Cash flow and financial planning made easy Thu, 21 Mar 2024 16:22:21 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.1 https://numbersknowhow.co.uk/wp-content/uploads/2022/02/cropped-Favicon-Cog.png General | Numbers Knowhow https://numbersknowhow.co.uk/category/general/ 32 32 9 Steps For Using Cash Flow Modelling Software In A Small Business https://numbersknowhow.co.uk/9-steps-for-using-cash-flow-modelling-software/ Mon, 11 Sep 2023 10:21:30 +0000 https://numbersknowhow.co.uk/?p=13396   Cash flow – the heartbeat of any business, big or small. It’s cash that fuels your operations, pays the bills and keeps your business alive. But what happens when the cash tap runs dry? Panic stations and sleepless nights. All is not lost though because we’re diving into the world of cash flow modelling software in the quest for financial zen. What is cash flow, anyway? Cash flow is the difference between money coming in and money going out. Got more money flowing in than flowing out? That’s positive cash flow and everyone’s happy. On the flip side, if your expenses are outpacing your income, you’re in negative cash flow territory and that’s somewhere you don’t want to be for too long. The key elements to keep control of are: Inventory – try not to overstock your business as you don’t want too much cash tied up in goods that are yet to be sold Accounts receivable – don’t allow your customers to delay their payments to you. Keep tight control over the amount of credit you grant Accounts payable – renegotiate any short payment terms so you can keep more of your cash in your bank account for […]

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]]> Why Cash Is Important For Business https://numbersknowhow.co.uk/why-cash-is-important-for-business/ Tue, 07 Feb 2023 11:29:50 +0000 https://numbersknowhow.co.uk/?p=11577 The post Why Cash Is Important For Business appeared first on Numbers Knowhow.

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