Managing Cash Effectively

Cash is vital for businesses to thrive. Managing cash flow effectively is essential - not only to ensure you're able to cover day-to-day outgoings, but also to help you plan ahead in the longer term.

In this engaging session, we will explore the meanings behind 'profit' and 'cash' and examine the key differences between them and take a closer look at various ways a small business should manage its cash on a day-to-day basis.

Who should attend this session?

This is aimed at SMEs and is ideal for business owners and finance managers, who are responsible for day-to-day cash flow management and who would like to improve the financial management processes in their business.

What will be covered?

• Exploring the main reason that businesses fail
• Understanding the difference between profit and loss and cash and why both are important
• Maximising cash by managing your cash collection cycle
• Understanding what working capital is and how to manage it
• Learning practical ways to plan for tax and build buffer cash
• Looking at the cash flow forecast and how to prepare it
• Sharing tips on managing payments to yourself as the owner
• Q&A

This event is fully funded and FREE for you to attend.