Every SME knows what it's like when invoices are all out, but there's still no payment on the way... You’ve brought business in, you've worked hard, and you've got every expectation that you will be able to pay the bills. The problem is that often your customers will pass on their cash flow problems to you.
As a small business owner, successfully managing cashflow is crucial to the smooth day-to-day running of the company. It can be frustrating waiting for outstanding invoices to come in but here are a few tips to help keep you on track.
That’s according to John Trethowan, head of the Credit Review Office. Speaking recently to government TDs he said that the banks have returned to being prudent “cash flow lenders”.