Cashflow – the lifeblood of any business

Cashflow – the lifeblood of any business

In Australia, if a business owner is looking to borrow, from 1 January 2015 the Banks will require at least 30 June 2014 figures. I am amazed how many businesses haven’t as yet had these accounts prepared or don’t know where the cash flow is today and where it is heading tomorrow. Banks require these accounts and forecasts to ensure the business can afford the loan but at the same time understand where businesses are sourcing their future income given the changing dynamics of the current business environment.

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