“I am not in the office today, my boss has advised that I requested money today and I haven’t. I want to get this cleared up as soon as possible.”
It was a normal Wednesday afternoon, one of our Managers had just finished funding for the day and turned their attention to an unusual email.
A warehouse without stock, a bank account without cash, a big December quarter BAS and January PAYG - all due at the same time.
Christmas is only weeks away and the retailers are in full swing trying to stimulate spending earlier.
Have you noticed the term Fintech has slid itself into everyday use, but you still aren’t quite sure what it means?
It’s essential for businesses to be on top of their Cashflow for when things go bump in the night.
Managing a small business is hard enough with everyday challenges of employees, customers, suppliers and government.
Cashflow is crucial to the growth and survival of your business so it’s important to make sure you have the cash in your hands when you need it.
As business owners we all love to make a new sale. When you put so much effort into marketing and building your business, the last thing you want to do is turn Customers away.
Profit is not Cashflow. It sounds obvious but many small businesses rely heavily on their Profit and Loss to assess their Cashflow position. However this only provides part of the picture.