Posted: 30 Apr, 2018
Martin Atkins, partner and head of business services at Menzies LLP, discusses the finer points of cash flow management as a small business.
For many small businesses, good cash flow management can be a constant worry. Juggling payments and invoicing and managing stock can prove to be a headache and even a healthy profit and loss sheet can be undermined by negative cash flow.
Frequently, SME owners find themselves in a time-poor situation, working across many areas of business, often with minimal levels of staff support. In many cases, it's financial planning that gets put on the back burner, in favour of tasks often perceived to be more critical to the day-to-day operation of the business.
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