Christmas means many things to may people but for business owners it can mean disruptions to cash flow Take some simple steps to manage it and save yourself a headache going into the new year.
You can prevent problems from spilling into the New Year by:
- Getting your invoices out early. Ensure December and January invoices go out well before Christmas to give your customers the chance to pay before the break. Encourage customers to pay before Christmas if they are closing over summer.
- Chasing up your invoices. Don’t let unpaid invoices linger over summer. Politely ask your customers to settle overdue bills before the break to prevent further delays.
- Planning for incoming invoices from suppliers. You'll be on their list to call as well.
- Considering your tax obligations for both December and January! We know you'd rather be on the beach on 16 January but don't let your tax due dates slide.
Call us if you'd like to go over the tax you have due or to work on your cash flow plan.