Step 1 - Know your Business Balance Sheet

The first step we make in helping to manage your cash flow is to get to know your business's balance sheet.

Your business must have a correct balance sheet that provides all the information about your business's assets and liabilities (including inventory, debtors and creditors). Kedwell & Co Accountants and Business Advisors can review your business's balance sheet to ensure it is correct and up-to-date.

Step 2 - Construct A Cash Flow Budget

The second step we will assist you with, is to help construct a cash flow budget.

Business owners should update and review their business's cash flow budget on a regular basis using conservative revenue and expense estimates. This will provide an early warning system for potential cash shortages. Kedwell & Co Accountants and Business Advisors can implement a proven cash flow budget reporting method for your business.

Step 3 - Establish Practices

Finally, Kedwell & Co Accountants and Business Advisors can establish the many additional practices your company can undertake to manage and improve your cash flow.

For example, from having effective customer account applications, through to assigning responsibility for ensuring that the credit billing and collections functions are handled properly, to improving margins by improving business operations. Kedwell & Co can work with your business to identify all the additional measures you can take to improve cash flow, and then actively participate in and manage the introduction of those measures into your business processes.