Maintaining a good level of cash flow is essential for every small business’ success. Owner’s must think about how much cash flow they will need, so that they can take a look at what they are buying or selling with credit, which can affect the debt of the business. It is also important that owners are prepared for any tax liabilities during the year or the quarter and to be strict with customers who do not pay. This way, the business can run more smoothly.
Read more: Small businesses must recognise the importance of cashflow to ensure success
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