Paying your suppliers quickly could help stem the flow of small business failures as the cost of doing business reaches a critical juncture, Liz Barclay warns.
Treasury and cash flow management articles
Read our latest features and articles on treasury management and cash flow.
Fiscal outlook worsens as mid-year self assessment receipts fail to outweigh higher debt interest and the cost of energy support packages.
Late payments are expected to grow significantly in the coming months, following rising inflation and interest rates, with UK businesses less likely than their European peers to make growth a priority.
Is Excel still fit for purpose?
And if not, what are the alternatives?
Automating Accounts Receivable processes can improve your team’s efficiency by 25%, finds Forrester Consulting TEI study commissioned by Quadient. Spend more time focusing on fast cash collection and improving customer experiences.
Accountants are of course familiar with cashflow modelling in a professional setting, but have you considered it to forecast your own future finances?
Meet the new BAM board
Our Board has some new members, meet them here
The Comptroller & Auditor General has issued a report to Parliament stating that the National Citizen Service drew down unnecessary funds in 2019-20 in breach of HM Treasury’s Managing Public Money guidance.
22 February 2021: The UK reported an £8.8bn fiscal deficit in January, bringing the total shortfall over ten months to £270.6bn. Public sector net debt is up by £316.4bn and now exceeds £2.11tn.
5 November 2020: COVID-19's business impacts require accountants to bear in mind impairment and valuation of clients' assets while preparing year-end reports, a recent ICAEW webcast explained.
21 October 2020: As 2020 rumbles on, we know from you that cashflow continues to be a key challenge for many businesses. ICAEW is here to help.
A round-up of Brexit issues to be concerned about.
25 August: ICAEW Business and Management Faculty has updated its informative guide
31 July: The post-pandemic cashflow crunch is likely to propel chartered accountants to the forefront of business activities.
19 July 2020: When it comes to the 2020 accounts, the FRC is recommending companies provide full disclosure.
16 July 2020: The coronavirus pandemic has fundamentally reshaped the UK’s economic landscape. Small business advice specialist Jon Scopes believes SMEs must react, restructure, and rebound to survive and thrive post-lockdown.
10 June 2020: ICAEW’s South East Asia team explore how SMEs can recover and prosper in a post-COVID-19 world, with a particular emphasis on managing cashflow and working capital.
During the unprecedented and incomparable global lockdown in response to the outbreak of Covid-19, the Business and Management Faculty team at ICAEW have been quick off the mark to support its members and the wider industry with a range of practical and easily accessible resources to help them through these uncertain times.
19 May 2020: company directors are still required to assess whether their business is a going concern when drawing up their annual accounts
18 May 2020: Craig Tomkinson, Group CFO at 2 Sisters Food Group, shares the challenges his firm has faced during the coronavirus crisis