(2 minute read)
This method is simple but not easy.
You will need 3 business bank accounts.
1. Revenue
2. Regular Expenses
3. Future Liabilities
1. Distribute from the revenue account weekly to cover expenses and liabilities.
2. Estimate taxes (GST, PAYG W, Income Tax, Payroll Tax etc) and transfer the appropriate percentage to the future liabilities account
weekly.
Simplicity is key when it comes to effective cash flow management, and one way to keep it straightforward is to use a spreadsheet. Whether
it's Excel or Google Sheets, creating a smart business cash flow spreadsheet can help you model projected cash flow and incorporate
business-specific features.
Why is effective cash flow management crucial for your business? Cash is king. Cash is the lifeblood of every business. It
is also an ideal measurement of business valuation.
If cash flow is not managed properly, all businesses are at risk of failure. Just imagine what would happen if you couldn't pay your
suppliers and lenders. Our experienced business advisers can help you develop straightforward , efficient methods to enhance your cash flow
management and ensure your business has the cash it needs to survive and thrive.
When you’re ready to get what you want and truly deserve out of your business, we’re here to help.
Here are a few ways we can help you
The information on this website is general in nature and does not consider your personal situation. You should consider whether the information is appropriate to your needs and, where appropriate, seek professional advice.
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