Help your clients avoid a COVID-19 cash flow disaster: A guide to cash flow management
So your client has deferred their VAT payments until March 2021, their self-assessment payment on account until January 2021, taken out a Bounce Back Loan to tide them over and meanwhile the staff are on furlough until the scheme ends. Are they heading for a cash flow disaster come the end of the year?
Help your clients avoid this fate by mapping out realistic cash flows, work out where the deficiencies are and prepare by paying things off sooner rather than later. As a trusted business adviser, this piece of work is key to recovering from the COVID-19 crisis.
The managing cash flow guide below has been designed to help you support clients who may be facing difficulties during this time. Feel free to add value to client discussions by sending any pertinent elements of this guide on to them.