Christmas can cause a cash flow crisis for small businesses, but you can prevent problems from spilling into the New Year.
Here are two ways you can ease your cash flow worries:
- Get your invoices out early. Ensure December and January invoices go out well before Christmas to give your customers the chance to pay before the break. Encourage customers to pay before Christmas if they are closing over summer.
- Chase up your invoices. Don’t let unpaid invoices linger over summer. Politely ask your customers to settle overdue bills before the break to prevent further delays.
Disclaimer: This blog has been carefully prepared, but it has been written in general terms only. The blog should not be relied upon to provide specific information without also obtaining appropriate professional advice after detailed examination of your particular situation.
