Cash flow can make or break your business. Adam Fernandes, The Cloud Accountant, offers practical steps on how to stay on top of it.
Watch time: 4 minutes
Review your chart of accounts
Know your costs
Understand VAT and non-VAT items
Plan for cash gaps
“Turnover is vanity, profit is sanity, cash is king” says Fernandes. Most of the businesses he has seen fail did so because they ran out of money not because they had a bad idea.
In this video he shares tips on tracking your cash position now and in the future and also how to map and articulate cash gaps and cash injections to be aware.
Find the rest of the series here: