The value of cashflow forecasting during a crisis

A business cashflow forecast will give you vital business intelligence to help you scenario-plan. It will also help you search for cost-savings and look for strategies that will preserve your cashflow position. Forecasting your cashflow pipeline during a crisis is vital. To be able to navigate the future path of your cashflow, you need to […]

Understanding Your Profit and Loss Statement

Your profit and loss statement (P&L) helps you understand your business performance and profitability over time. It’s sometimes called an Income statement and its main purpose is to list income and expenditure. Whereas a balance sheet is a snapshot in time, the profit and loss (P&L) shows transactions over a specific period of time, this […]

Should I focus on profits or cashflow?

Turning a profit is at the heart of running any successful company. But should profits be the only financial focus if you’re looking to create a stable, long-term business? Cashflow is the beating heart of your business. Without an even and predictable flow of cash into the company, you can’t cover your overheads, you can’t […]