Debts can have a serious impact on a company’s cash flow, possibly affecting your relationship with your suppliers if you have insufficient funds. Cash flow is a culmination of income and expenditure, and bad debts can upset the Read more
Category Archives: Business Finance
Are you considering invoice financing?
Invoice financing is a method employed by companies to raise money against outstanding debts. Usually, a third party will purchase any invoices you have that remain unpaid, although the amount paid will be lower than the Read more
Tips to secure business funding
A business may require funding at any stage, from first starting up to expansion. It is much more difficult to secure funding now than it once was, which combined with the many options available makes the process far more Read more
Understanding financial analysis
Along with producing a viable business plan, financial analysis is crucial for the daily management of a company. It isn’t possible to plan ahead unless you have financial data so that you can create a strategy.
Financial analysis consists of Read more
How to overcome the challenges of business planning
Creating a business plan is a crucial step for all companies, not least because the document may be required by potential investors, finance providers and other stakeholders. Business planning includes outlining the goals you have for Read more
Tips for accurate inventory control
Controlling inventory can be a real challenge for a business, especially if the company has limited storage space or cash flow problems. Excess inventory takes up valuable storage space and costs the company money, potentially causing Read more
Procedures and processes: managing petty cash
Most companies will incur the occasional expense for a small item, often paid for using cash rather than issuing a cheque or using the business credit card. Such items may include stationery, milk for the office, or small travel expenditure. These items should be recorded accurately in Read more
Funding for growth: Alternative finance sources
It isn’t uncommon for businesses to feel they may struggle to Read more
Which financial reports are crucial for a business?
The production of financial reports enables a small business owner to maintain control of finances and remain aware of any potential problems that could impact on the company. Reports can become confusing though, and this is why many companies incorporate Read more
How to improve and manage your working capital
The working capital of a company is a measure of its short term health and efficiency. The net working capital should be indicating that the business has sufficient assets to pay its debts. If however the working capital ratio falls into a negative figure, the company may be in Read more