• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

News Magazine

  • _Computer
    • Digital World
  • _Entertain
  • _Family
  • _Fashion
  • _Health
  • _Media
  • _Travel
  • _Sport
You are here: Home / News / How to Achieve Cash Flow Consistency: Advice from Essex Bookkeepers

How to Achieve Cash Flow Consistency: Advice from Essex Bookkeepers

May 17, 2014 by Janina Winkler

PRLog (Press Release) – May 17, 2014 – RAINHAM, U.K. — To deal with cash flow, you need to be spot on with your forecasting. Unless you know what is likely to happen, you cannot make plans to get around it. One of the most common revenue patterns shows highs in November and December, with lows in January and February. This is, of course, because of all the frantic preparations for Christmas and the other holidays at the time. The run up to the holidays can also be very expensive for businesses that traditionally want to show their appreciation of staff and customers at this time.

That is why, for many years, we’ve had the January sales in the UK, as retailers try to boost sales at an expected slow time. It could also be a time for you to offer extra incentives to customers to continue to do business with you when they would rather not be spending. Anything can be better than nothing, so rather than have a dearth of income, could you reduce your margins or find a way to give more added value for a limited period. Depending on your cash flow, generating income may be more important at such a time than achieving high profit margins.

Plan Ahead

Essex bookkeepers Office Assistants (http://www.officeassistants.org) say that if you get in the habit of forecasting your cash flow over coming months, you could choose to spend more in advance of your needs, or set aside and ring-fence cash amounts for specific purposes. Managing director Lynn Watson says, “Now is the time to be thinking about what you will be needing in six months’ time. Book that office party for December in August and pay a hefty deposit up front, so that you won’t have to find as much money when you are feeling the pinch.”

More about:
Web Design Delhi | Abhijit Jadhav - Freelance Website Developer from in Delhi, India

Deal with the debtors

Lynn Watson says, “We can’t tell you how important it is to collect your dues from debtors. Not having a good credit control system can wreak havoc with your cash flow at the best of times. When you are coping with a seasonal drop in revenue, it becomes even more crucial. You must try everything you can to get your clients and customers to pay up. When they are clearly in financial difficulties, sometimes suggesting staged payments can help.”

Regular discussions with your outsourced bookkeepers will yield other possibilities for dealing with debtors and help you keep on top of the problem. They can also help you with budgeting and forecasting, so you don’t have to do it all yourself.

Office Assistants offers bookkeeping services and much more to clients throughout the south east of England from their base in Rainham, Essex. For more information visit http://www.officeassistants.org.

original post by http://www.prlog.org/12324916-how-to-achieve-cash-flow-consistency-advice-from-essex-bookkeepers.html at Business – Latest News

no similar posts

Filed Under: News Tagged With: Achieve, Advice, Bookkeepers, Cash, Consistency, Essex, Flow, From

Primary Sidebar

Latest posts:

finding great business sites for business owners?

Finding a valid inbound link – in the year 2022

Where to find a valid link – in 2022

STUNT Receives Emerging Sport Recommendation from the NCAA’s Committee on Women’s Athletics

Visit our Sponsors:

ProSeoDirectory Find your Dealroom GreatBusinessDirectory Fast Directory on the Web

More …

Try different method to come out from google chrome not responding?

Global Company Moves to Ease the Tension in American Prison System

Entertainment News from Send2Press Newswire

Technology News from Send2Press Newswire

News Site Rantt Takes The Time to Get It Right

Get Fit from Home with Resistance Bands, Videos and App

STUNT Receives Emerging Sport Recommendation from the NCAA’s Committee on Women’s Athletics

Global Company Moves to Ease the Tension in American Prison System

Footer

More Sites:

  • Online-Ticker
  • Howto-Do.it
  • All Articles
  • Legal
  • Top

Imprint

Sitemap

© 2023 · Awantego.com ·