Category Archives: CashFlow

Why isn’t my profit the same as my bank balance?

tronc

How many times have you looked at your profits, but can’t work out why you don’t have the cash in the bank to show for it? Why doesn’t your profit equal your cash? How frustrating is that? Well, there are lots of reasons why your profit isn’t the same as the cash you have in the […]

Where has all the cash gone?

Ever look at your business bank account and wonder where all the cash has gone? With the challenges we’re currently facing, it’s more crucial than ever to understand where your cash has gone, and make a plan to take control of it. Most business owners have historically stripped all the cash out of their businesses, […]

How do I take cash out of my limited company?

You’ve got your new company up and running and you’ve started trading, but how do you take cash out of your limited company?   The golden rule to remember is that the company is not yours, it’s a separate legal entity to you, and you are effectively an employee, as a director. Equally if you’re […]

My customer hasn’t paid me, what do I do?

customer hasn't paid

You’re in a position where your customer hasn’t paid you, and this is becoming a big problem for you. So what do you do?   It’s important to handle the situation calmly and professionally, as you don’t know what your customer’s position. 1. First things first – talk to your customer Try to speak to […]

Does Depreciation Reduce My Tax Bill?

One of the most common questions after talking about depreciation is: “If I’m recording depreciation in my accounts, does that help lower my tax bill?” This usually follows our discussions with you around depreciation, and what it’s all about. The short answer is: depreciation doesn’t directly reduce your tax, but there’s a connection. Here’s what […]

How to Get Customers to Pay You Regularly with Less Admin

Managing recurring payments efficiently is crucial for maintaining healthy cash flow and customer satisfaction. If you’re looking for a way to get customers to pay you regularly with less admin, GoCardless offers a powerful solution to streamline subscription payments, making life easier for businesses of all sizes. How GoCardless Helps You Get Paid Regularly with […]