Cash flow is the vital lifeline of any business; poor cash flow is probably the biggest single cause of businesses failure.
Failure to get invoices out on time, collect payments, chase debts, pay suppliers, reconcile bank statements, file VAT and tax returns can all get a business into BIG trouble.
You could have a fabulously viable business and you might be so busy that you have to turn away potential new clients, but if you don’t keep an eye on the cash flow, you could quickly find yourself sinking.
Furthermore, by monitoring the cash flow properly, you may discover that you’re grossly undercharging.
Using a qualified bookkeeper can help you stay in control of your business.