Cash flow is the movement of money IN and OUT of your business just like the oxygen you breath.
It is critical to the health and survival of your business that your Cash IN exceeds your Cash OUT. Unfortunately for most businesses this is not the case as evidenced by the report issued by the Australian Securities Commission in 2015. It reported that the most common cause of business failure was cash flow problems which made up 44 percent of the reasons for all small business closures.
This is good for the business owner to know however, it is like a doctor saying that “The patent died because they stopped breathing”.
What exactly were the causes of the cash flow problem in the first place? This is the key question that the business owner needs to be able to answer. Unfortunately many business owners do not know what these reasons are. All they do know is the pain they feel when suppliers request payment.
This is where specialist help is needed. Accolade Accounting provides just that, with many years experience in dealing with these cash flow issues within small businesses.
Relieve the cash flow pain today, by giving us a call on 0421 824 1375 and setting up a free meeting to get your cash flowing in the right direction.