Oh no, not another crisis!
“Managing cash flow in a crisis can be challenging at a time when customers and suppliers are nervous too.” Whether you think Kwasi Kwarteng is inept or a radical reforming genius, he has certainly rocked the boat. While the Government U-turns itself dizzy, it is left to business owners like you and me to cope […]
Cash flow support for businesses – update
A new study by Simply Business, the small business insurance provider, has found that the cost of Covid-19 to UK SMEs has almost doubled from £69bn estimated a year ago, to £126.6bn now. A year on from the first national lockdown, the new report reveals that SMEs have lost an average of £15,673 in earnings. […]
More new features and a great new look for CaFE
We’re thrilled to announce the latest set of improvements to CaFE, which includes a brand new look and feel to make your use of CaFE easier and more enjoyable. We hope you like it as much as we do. Also included in this release is a new home screen in the desktop version for business […]
QuickBooks releases latest line-up of updates and features
The Autumn release from QuickBooks brings a range of innovative updates and developments, all with the aim of helping small business owners manage their businesses more easily, especially those struggling during the pandemic. Here’s a round-up of the latest changes: Income tax estimates This tool uses information you’ve already uploaded to QuickBooks online to give […]
Four priorities for every small business as lock-down eases
You can’t look at the internet or turn on the TV at the moment without seeing something about the economic damage that the coronavirus pandemic is causing. There are, though, signs of us coming to the end of the worse of the lock-down, which is great news for businesses and the economy. But, just like […]
What type of cash flow manager are you?
At some point in your career, my guess is you will have done a Myers Briggs test, or at least a version of it. Myers Briggs famously created a range of leadership personality types and gave them enigmatic names like The Commander, The Teacher and The Dynamo. This got me thinking. What do our personalities […]
The link between late payment and mental health
I was intrigued to see the results of new reseach by Pay.UK (they’re the people who run BACS and Direct Debit payment services) into the link between late payments and the mental health of business owners. I have long known that cash flow management in general, made worse by late payments, is a major contributor […]
Why you need to reconcile your bank account
If there is one thing you need to be able to do to work out exactly where you stand with your finances, it is reconcile your bank account. There are lots of complicated definitions of reconciliation (and if you are an accountant, they all have their place), but for most of us it simply means […]
How to hold on to cash in your business – and still keep your suppliers happy
A lot of cash flow management gets focused on your customers. How you can sell more, get paid more quickly and avoid costly bad debts. On the other side of the coin, the more cash you can retain in your business through the terms you agree with your suppliers, and the longer you can keep […]
It’s OK for entrepreneurs to not be OK too
I was particularly taken by a blog post that I came across recently on the Mente website. Titled Entrepreneurs, business owners and poor mental health, the post resonated with me on a number of levels, so much so that I feel compelled to share it and add a personal perspective. If you’ve not come across […]
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