Cash Flow: Know Where You Stand

Even if your business is prospering, there’s a difference between a positive bank balance and positive cash flow. We come across many sole traders and limited companies with cash in the bank, only for poor cash flow to soon result in disruption and credit problems. To help you stay in control of your cash flow, the first step is to always know where you stand. 

In order to know where you stand with your cash flow, you need to regularly check your accounts. It can be very easy for a business owner to only check their accounts every now and then and quickly lose track, which is where many problems with cash flow arise. By creating cash flow statements, which TreyBridge Accountants can manage on your behalf, you have all of the data you need to accurately forecast for the future. 

There are a few types of documents that will help you to monitor and maintain positive cash flow, with balance sheets and income statements being two of the most useful. Again, creating and going through these documents isn’t only time-consuming, it can also prove a bit confusing and frustrating. That’s why we’re here to raise these reports on a monthly or quarterly basis and talk you through them either at our offices, at your premises or via video call. 

 

The majority of our clients opt for monthly management meetings, as they greatly help business owners to navigate their numbers and make key business decisions with confidence. 

One of the core objectives of cash flow management is to ensure that your money is being used wisely. Chances are that our regular management meetings will uncover multiple opportunities for your business to reduce its expenditure or even remove certain costs entirely. This may sound too good to be true but you’ll be surprised by how effectively an insightful chat about your expenses can identify areas for financial improvement. 

By managing your cash flow, we can help you to budget and forecast more efficiently. This has a cumulative effect, as the more money you save, the easier it is to put aside funds for future investment. It could be a case of purchasing new equipment, recruiting additional staff, boosting your marketing budget or simply saving up your cash reserves – whatever you have in mind, our cash flow management service will help you to achieve it sooner. 

If you’re interested in cash flow management that facilitates sustainable business growth, call our Northern office on 01482 235575, our London office on 0207 885 0605 or fill in the contact form below.