Know Your Numbers
First published: 8/4/20
Last Modified: 10/8/20, 12:01 PM
Control your cash flow
Wages is one of the biggest costs for your business.
With specific deadlines when employees, HMRC, pension providers or other 3rd parties need to be paid.
Making sure you have the cash available is critical to meeting these payments and maintaining cash flow.
Building a wages estimate that is reflective of your up coming costs, into your cash flow projection, will allow you to plan ahead.
Once wages have been paid it’s important to analyse the actual costs, especially if you have different departments. A cost split report is ideal for this. You can then know how much each part of the business costs and how well they’re preforming.
For more support with reporting for cash flow, allowing you to KNOW YOUR NUMBERS
get in touch to book a free discovery call