simonsaidi
Level 2

Getting paid

Having in pace a sound organisational structure, information systems and accounting system with integrity helps in the  management of good cashflows. With good structures in place, debts are easily collected and payments made when due. To manage cashflows better, a 13-week rolling cash budget is suggested. It allows a weekly update of the cash budget, so helps manage the overall weekly cash position and see what is collectible or payable in each week. It gives a more consistent and efficient manner of collecting debts and making payment when due.