Brett Nicholls Associates
Understanding and managing the cash flow of small organisations is a process overlooked or ignored far too often. In a small business, the bank account can be run very ‘close to the bone’ and it’s too easy to forget about that looming tax bill or overdo the credit of suppliers eager to make sales. For charities, particularly in the early days, there might be a revenue grant which covers core costs – no problem, right? But when does this mythical grant come in? Will it be evenly split over the year? Do you have to incur costs first, then claim the money?
With cash flow, timing is everything.