While turnover is vanity and profit is sanity, cash flow really is king for start-ups.
Without healthy cash flow, even the best businesses idea will be stifled and potentially fail. It doesn’t matter how full your order book may be, a lack of cash flow stops you being able to purchase materials, pay your suppliers and your staff. This will lead to a damaged credit rating, lenders refusing further credit, suppliers refusing to work with you, the loss of your best employees and an inability to service your customers – potentially the end of your business. Gibson Accounting will help you build and maintain an effective cash flow forecast to allow you to predict cash-flow problems in the future and plan and identify solutions.
We know how important monitoring and planning cash flow is for every size of business. Gibson Accounting will help you draw up detailed forecasts and cash flow statements bespoke to your business that you understand and find useful. This will enable you to have a detailed picture of where your business is today and what lies ahead and how it can achieve the targets you have set.
To discover how the team at Gibson Accounting can help you with cash flow and ensuring your start-up is ready for the future, simply contact us via the below contact form to arrange an appointment to discuss your options.
Gibson Accounting is an accountancy practice authorised and regulated by the Association of Chartered Certified Accountants (ACCA). We were awarded our practicing certificate and started trading in 2009. We have steadily built our client base mainly through recommendations from satisfied clients. Our aim is simple: We want our clients to know that all their accounting and taxation needs are being looked after and are in hand, so they don’t have to worry enabling them to concentrate on doing their job.Learn More
A business plan is an essential tool to any new business, no matter the legal structure or industry. Without a business plan, your business will not be able to navigate many of the hurdles every business has to deal with such as managing working capital, cash flow, borrowing and satisfying the ever changing requirements of HMRC. Having a poor business plan, or no business plan at all, may mean that borrowing to manage the businesses day to day working capital or investment requirements is nearly impossible to come by, stunting the potential growth of your business.Learn More
Many people venturing into the world of business by starting up on their own find that, while they are experts in their specific commercial field, their understanding of the complexities of the financial world of accounting and tax regulation, including working with HMRC and Companies House, is simply not as strong. The first step to success is ensuring that you have sought advice from an experienced professional, commercial Accountant.Learn More
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Please contact us if you would like any further information.