CASH FLOW TIPS: Craig Alexander Rattray says there is help at hand for those who struggle with accounts As the business owner you are not expected to be the finance expert. However, you must understand your financials and your cash flow. Many business owners who have run their own company for many years are often […]
cash flow
What does it mean to own a profitable business?
CASH FLOW TIPS by Craig Alexander Rattray, a weekly series of guides for owner managers Profit is the difference between the total of all sales less the total of all costs and expenses for a particular period. Many business owners may realise at some stage that that the profit they make in the business does […]
How to better manage payments to suppliers
CASH FLOW TIPS by Craig Alexander Rattray, a weekly series of guides for owner managers Process invoices faster Do everything every day. When invoices are received, they should be posted into the accounting system immediately and formally approved in some way depending upon the system you have in place. Ideally, the invoice should be matched […]
How to ease the scourge of late payments
CASH FLOW TIPS by Craig Alexander Rattray, the first in a weekly series of guides for owner managers Credit terms and cash collection processes are a key part of good cash management. Intuit QuickBooks report stated that one in seven companies have been unable to pay employees because of late receipts from customers. Late payments […]
Good planning will work wonders on your business’s prospects
Without a financial map your business will struggle for direction, says CRAIG ALEXANDER RATTRAY “If you don’t know where you are going, any road will take you there.” A phrase attributed to Lewis Carroll. It didn’t actually appear that way in the Alice in Wonderland Books, although that sentiment was precisely what the discussion between […]