Manage cashflow and access finance

Understand the essentials of cashflow management

With the first signs of economic recovery just surfacing, banks are still cautious with requests for increased overdraft or loan facilities. 

So how do you cope with the tougher lending rules? The key is to carefully plan your budgets and forecasts for the coming year ensuring that your profits and cashflow forecasts reflect any new business conditions. Assessing cashflow to service debts is the priority for lenders and as such comes under the closest scrutiny - how you are going to get cash in and minimise cash out is what the banks want to know. This means reducing overheads and pulling in cash as quickly as possible from clients in the short term and then keeping a tight rein on them in the future. A business that can do all of these things is very well placed once the economy starts to improve.

• Read the Business Link guide to cashflow forecasting
• Download a sample cashflow projection spreadsheet (XLS, 51.5KB)

Subjects covered in this guide

• Introduction
• Understand the essentials of cashflow management
• Manage suppliers
• Prevent late payments
• Debt factoring and invoice discounting
• Access sources of funding and finance
• Avoid insolvency and bankruptcy

Print options - What are my print options - Opens in a new window

• Add guide to my print portfolio (print later as PDF)

Email options - What are my email options - Opens in a new window

• Tell a friend about this page
• Send me an email alert when this guide changes