Do the hairs on the back of your neck stand up if someone mentions something to do with finance or cashflow? It’s normal to feel a bit anxious and overwhelmed. Cash is the king of any organisation so it’s only natural to be wary.
However, that state of mind does not need to be permanent. The sooner you can take control of your cashflow, the sooner you’ll be able to focus on running your organisation and putting smiles on faces.
Want to master your cashflow? Keep reading to uk rcs data discover how to achieve exactly that.
What is my cashflow?
The word cashflow can feel like accountancy jargon, but it has a vital role to play in keeping your organisation healthy.
Essentially cashflow is your actual income and spending each month.
Don’t panic when you notice that it’s different to how much you’ve invoiced your customers or what you planned to spend. Cashflow is the actual cash that comes into and out of your organisation each month.
How do I know if my cashflow is healthy?
The key element here, other than the idea that your income should be greater than your spending, is consistency. And as we know, consistency is key.