Planning for cashflow security

Planning for cashflow security

It’s finally here: the 4th of July, the day the reawakening begins! There’s been all sorts of work to adapt operations to make them “Covid secure” – hand sanitiser, face masks, physical distancing, etc. But as well as the practical/ physical preparations, reopening is...
Make a Plan

Make a Plan

How do you make a plan for the rest of this year? If the last six months have taught us anything it’s that we can’t predict the next twist in the story. So is planning a pointless waste of time? This is the (polite) argument that I’ve been engaged in this week while I...
When it Rains…

When it Rains…

“When it rains, look for rainbows. When it is dark, look for the stars. When it’s raining and dark… you should take care to look where you’re going and consider whether you’re still heading in the right direction” Courtesy of Oscar Wilde, but paraphrased during a...
Planning for cashflow security

Why bother with a cashflow forecast?

With CBILS, Bounce Back Loans, VAT deferrals, grants etc there may be more cash in the bank now than ever before and your cashflow is sorted for the next couple months. But what happens after that? Lockdown has probably helped the bank balance with customers paying...
What makes good management accounts?

What makes good management accounts?

Usually management accounts look very similar to the set of accounts that you get at the end of the tax year, but on a more regular basis – usually monthly – and in more detail. Most cloud accounting software produces all these reports, so surely that’s enough? In...