Christmas can cause a cash flow crisis for small businesses, but you can prevent problems from spilling into the New Year:
- 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.
- Plan for incoming invoices from suppliers. You’ll be on their list to call as well.
- Consider your tax obligations for both December and January! We know you’d rather be on the beach on 16 January but don’t let your tax due dates slide.
Call us if you’d like to go over the tax you have due or to work on your cash flow plan.