Gold Coast Mobile Bookkeepers and Bookkeeping Services

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How Can a Bookkeeper Can Help Your Cash Flow?

September 30th, 2008No Comments

Many small business owners struggle with keeping their bookwork up to date. Yet good record keeping is an essential part of any successful small business.

He regarded the bookkeeping to be an unnecessary expense

A couple of months ago we spoke of a recent client who’s no longer in business, because he regarding spending money on bookkeeping fees ans an expense, rather than an investment. (Q.E.D)

Do you know how much money other people owe you?

The issue is, not how much you are paying your bookkeeper, but how closely are you monitoring your cash flow? Do you instantly know how much money you owe people? Most busines owners have a fair idea of what’s happening in their business - But do you know how much money other people owe you? If you cannot answer that question, then contact us

When times get tough, the tough get going … well, that may be the case, but the “not-so-tough” sometimes get going too - Yes, they go staright to the wall! Belly - up, kapputt! Call it what you will.

Often the reason businesses fail is through lack of cash flow - hence the big debate in the USA about the US Treasury wanting to bail-out the banks, and stimulte the economy. Of course, the Banks don’t want to bail out small business, they just foreclose.

How does this affect Gold Coast Small Business? Well, if you don’t keep a tight reign on your cash flow, you could find that you have invoices outstanding for 60, 90, and even 120 days. Then by the time you go to chase up the debt, that business has closed it’s doors, and G O N E

The economy in Australia is certainly slowing down, cash flow has tightened, and we are seeing people taking longer to pay their bills

Now is the time to invest in a bookkeeper that can help you keep a close eye on your cashflow and help you through the next few months that are certainly going to be challenging fo rmany businesses as the Banks tighten up their lending habits

contact us if you want to know how a bookkeeper can help your cash flow


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