In our recent survey of how coronavirus had impacted Kent’s businesses, 36% of respondents had no ‘emergency’ funds set aside at all, and 29% had some but not enough. One of the reasons to not have enough in the bank is that your money is tied up in other people’s bank accounts. Definitely less than ideal!
Continue reading 7 ways an epic invoice process will maximise business cash…
Tag: Credit Management
Cash Flow for Small Businesses
Cash flow is critical for a small business because it needs money to pay suppliers, employees and overheads such as rent and utilities. Firms must ensure they have sufficient working capital for these day-to-day operations and often this is tied up in monies owed to the business by customers who have bought goods or services on credit…