SPONSORED | From your marketing and advertising spend, to employee expenses and petty cash — every penny counts when your cash flow’s tight, says SageGroupZA.
Having clarity about your business cash flow can help your financial forecasting. Picture: 123RF
It’s typically categorised as cash flows from operations, investing and financing. Cash received represents inflows, while money spent on expenses such as office rent, business loans, credit card payments or outstanding invoices represents outflows. Your cash flow statement is a financial statement that reports where your company gets cash from and where it gets spent over time.
And, unless you’re not in debt to anyone and have a negative cash flow because you’re investing in growth, you’ll have to find an alternative source of income to pay off any debts. This is not the most comfortable situation to be in. Having absolute clarity about your business cash flow can help your financial forecasting.
You might be able to negotiate more favourable terms, so you can manage your cash flow with more confidence. Or cancel any recurring software subscriptions you no longer use. From your marketing and advertising spend to employee expenses and petty cash — every penny counts when your cash flow’s tight.Effective inventory management is a sure-fire way to ease the strain on your finances and get some more cash flowing through the business accounts. If you have a warehouse carrying unsold stock, a new sales plan can soon help you clear the decks and create more cash liquidity.can give you the necessary visibility to stay on top of your cash flow.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cash flow counts: getting it right before year-endSPONSORED | Understanding your sources of cash and where your money goes each year is essential to maintaining a sustainable business, says Sage
Read more »
Sponsored Content: JT International South Africa (JTI) welcomes reasonable tobacco excise tax increaseIn response to the Minister of Finance’s budget speech on 22 February 2023, Ahmad Ismail, General Manager for Southern Africa & Nigeria, (has) welcomed the tobacco excise tax increase of 4.9%.
Read more »
Sponsored | Calling all South African social innovators | City PressApplications for the SAB Foundation Social Innovation and Disability Empowerment Awards 2023 are now open.
Read more »
Understanding Sudden Unexpected Death in Epilepsy (SUDEP)Costa Titch's sudden death while he was performing on stage has shocked a lot of people. He reportedly had a history with epilepsy. Here is what you need to know about Sudden Unexpected Death in Epilepsy (SUDEP).
Read more »