Profit Is Not the Same as Cash
A profitable business can still fail if cash runs out. Watching your bank balance and upcoming commitments is as important as watching sales.
Invoice Quickly and Chase Politely but Firmly
Send invoices the moment work is done, set clear payment terms, and follow up the day an invoice falls overdue.
Build a Rolling Cash Flow Forecast
A simple 13-week forecast shows crunch points weeks in advance, giving you time to arrange funding or delay spending.
Keep a Cash Buffer
Aim to hold enough cash to cover at least one to two months of fixed costs so a slow month never becomes a crisis.
How Businesswise Accountants Can Help
We build forecasts, monitor your cash position monthly and flag issues before they hurt your business.