Blog Category: Cashflow

Why can’t I see my profits in the bank?

  A very common question I am asked by non-finance directors is why they can’t see their profits in their bank account. The simple answer is profits and cash are not the same thing! The Profit and Loss Account (sometimes now called Statement continue reading...

Cash vs Profit – Part 2

Cash vs Profit – Part 2   Last month, we looked at why cash and profits differ.  Part of the reason is due to timing differences between when invoices are posted onto the Profit and Loss account and when cash is received or paid.   This m continue reading...

Cash vs Profit – Part 1

Cash vs Profit: why are they not the same? A question I always ask when delivering financial training is “why do cash and profits differ?”  The answers are wide-ranging but never, so far, correct.  Cash and profits in companies are different fo continue reading...

What Indiana Jones can teach us about Tax & VAT!

When delivering my ‘Be Fabulous at Finance!’ workshops for small businesses, I discuss with the group what Indiana Jones can teach us about managing our tax affairs.  This may seem a strange link!  However, the majority of you reading this will know continue reading...

Sources of Finance

A common complaint from SMEs in recent years has been the lack of availability of funding to help them grow (or survive).  However, many of these SMEs simply asked only their banks for financial support and this was not always approved.  Did you know th continue reading...

Catapult Your Business Growth!

  Rarely does business growth just happen.  The power is in the planning!  Follow these simple steps, take charge and catapult your business growth!   Where do you want to be.  Dream big.  Set your goals – what would outrageous succe continue reading...

7 Steps to Successful Credit Control

1. Know your customer – trap key information from the start Due diligence – ensure they exist, what legal entity they are, credit checks, ability to pay, check Google for any adverse publicity, etc. 2. Effective payment terms & conditions continue reading...

Boost Your Bottom Line! Part 2 of 2.

In January, we looked at part 1 on how to get rid of those saggy bums as part of our New Year Resolutions and improve our company bottom lines at the same time.  To improve profitability, our ‘bottom line’, we can either boost our income, improve our continue reading...