Even under regular circumstances, life as a business can be tough. Take cash flow disruption, for example – small gaps can spiral into additional fees, late payments, and other damaging consequences.
But the current economic climate, the foreseeable future is not going to be easy for businesses. Keeping on top of your cash flow is more important than ever – especially for those looking to apply for the grants and schemes being offered. A cash flow forecast will help you to predict how your business is going to perform for a selected period.
Focus on the things that you can control. Depending on your business needs, this could mean many things.
Working together with 356 Accounting, we can create a strategy to get through this period and put yourself in the best possible position to adapt.