You need to monitor, forecast and manage cashflow if your business is going to succeed.
Cashflow refers to money coming in as:
- payments from customers
and going out of your business in the form of:
- payments to suppliers
- and so on.
There might be times of the month or year when trade is slow, and when it is busy. Good cashflow forecasting can make that less of a struggle.
Even if this business is doing well, you might find yourself struggling to pay bills because your customers are late paying their invoices. Cashflow monitoring identifies this kind of problem so you can take action.
Hurkans is ready to work with you to get your cashflow sorted, to give advice on what needs to change, and get you fit to take on any challenge.
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