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The definition of cashflow is simple. It refers to the cash flowing in and out of your business during a specific period of time. Cashflow is an indication for the financial health of a business and determines whether a business can pay its current liabilities.
Cashflow is something that is at the forefront of every business and is something that business owners must manage, plan and forecast. Below is our cashflow guide which explains why cashflow is important and how effective management can better your business.
What is cashflow?
The definition of cashflow is simple. It refers to the cash flowing in and out of your business during a specific period of time. Cashflow is an indication for the financial health of a business and determines whether a business can pay its current liabilities.
Invoice Finance boasts an array of benefits for businesses across many sectors. With benefits including upfront access to working capital, flexibility and the option of built-in credit control, Invoice Finance can appeal to a number of sectors such as haulage, printing, recruitment, manufacturing and wholesale.
What is Invoice Finance?
Many businesses still fund their cashflow through a traditional bank overdraft. It’s only when they come to renew it or look for an increase, they may find their bank is unwilling to go the extra mile. Overdraft providers tend to base their underwriting decisions on past financial records rather than where a business is going. If the business is going through a difficult period, they can find themselves with facilities being withdrawn or at the very least see increased fees.
Many businesses will soon be returning to normal and it is inevitable that these businesses may be reviewing their approach. A concern of many businesses is managing their cashflow to better their business output and to allow their businesses to run smoothly after a challenging time.