Where’s All the Cash Gone? How Poor Inventory Planning Kills Manufacturing Cash Flow
If your warehouse looks full but your bank account doesn’t… you’re not alone. Many manufacturing and distribution businesses find themselves in this exact position: shelves stacked, suppliers paid, but cash flow still squeezed. Inventory decisions made without forward planning can quietly eat into your margins and tie up the cash you need to grow, invest […]
Cash Flow 101: 6 Key Terms You Need to Know
Cash flow is the lifeblood of your business. It’s what allows you to pay employees, suppliers, and other creditors on time so that you can continue doing business. However, many small-business owners don’t really appreciate how cash flow works or how to improve their cash flow situation. Here’s a basic introduction to cash flow and […]
Top Eight Tips for Accurate Cash Flow Forecasting
Do you want to know how your business and cash will perform in the future? Apply the following methods to improve your cash forecasting. Forecasting your company’s cash flow helps minimise potential risks and indicate if the company is in a position to go after opportunities and grow. Correct cash flow management is a given. […]
The importance of bookkeeping for all businesses
Whilst it’s an unusual topic for a Fractional CFO to talk about, the importance of accurate bookkeeping for all business should not be underestimated. Bookkeeping is the fundamental foundation of all financial reporting. The saying goes, ‘Garbage in, garbage out’ and that’s never truer than when you are talking about business accounts. Without accurate and […]
Impactful reporting: A management reporting framework for success
Many business owners are familiar with the need for a profit and loss account and balance sheet reporting. However, fewer may understand the value of creating a management reporting framework that encompasses wider key performance indicators and multifunctional outputs. Management reporting is vital for monitoring the health of the business, understanding variances to plan and […]
Top Tips to Manage and Forecast Your Business Cash Flow
Cash flow is the lifeblood of any business. Without it, even profitable businesses can struggle, while those who master it gain stability, growth, and financial confidence. As an outsourced CFO, I’ve helped countless business owners get a grip on their cash flow; and trust me, it’s not as complicated as it sounds. Here are simple, […]
Strategic Financial Management for your Manufacturing Business
Running a manufacturing business is complex and keeping control of the finances is no exception. Although most manufacturing business owners understand the need for compliance and financial accounting, the benefits of strategic financial management may be less obvious. Manufacturing is a cash-intensive business and cash could be tied up in working capital for weeks or […]
How can I reduce business costs?
As business owners, how much profit we make is key to whether our business is viable or not. There are several ways to determine if your business is successful but ultimately, if you are not making a profit, most of us will struggle to maintain a business at a loss. Knowing how much money is […]
What is the Difference Between an Accountant and a CFO?
I’m frequently asked this question, here’s my take on it. Whilst Chief Financial Officers (CFO’s) and accountants may overlap in some of their skills, especially in smaller businesses, they generally spend their time on different tasks. Both roles are essential to a company’s success, complementing each other with expert eyes on both the past and […]
Did You Know Logistics Can Increase Sales and Reduce Costs
A great logistics operation can provide opportunities for improving sales and financial performance. Resulting in a POSITIVE impact on profit. Logistics is no longer just an operational necessity Logistics can increase sales. Logisctics can improves sales by having a positive impact in many customer touch-points, notably in the following four areas; 1) Customer relationships with […]