The #1 Bookkeeping Mistake Growing Businesses Make (And How to Fix It)
Statistics show that around 50,000 small businesses fail each year in the UK because of cash flow issues.
Statistics show that around 50,000 small businesses fail each year in the UK because of cash flow issues.
As a business owner, late payments from clients and customers can be extremely problematic. As well as disrupting your cash flow and threatening the financial health of your enterprise, late payments cause a lot of hassle and headaches. Fortunately, however, there are steps you can take to ensure that clients pay their invoices in a timely manner.
Accounting is notoriously complex but as a small business owner, good accounting practices are essential to the financial health of your organisation. Taking your accounting seriously from the start is the best way to set your small business up for success and it will allow you to operate much more efficiently in the future
One of the best planning tools you can use in your business is a budget. It is a powerful tool to ensure the financial health of your small business.