Cash Vs Christmas
Christmas is only 30 working days away – how will your business be affected?
Research suggests that October is the busiest month of the year with the highest volume of invoices being generated. With this in mind and many businesses continuing to experience cashflow challenges, the collection of cash on these invoices is vital to managing your working capital.
Christmas puts pressure on staffing levels with holidays, post-party headaches and festive emails along with an increase in personal contacts. These factors, combined with a general wind-down, may threaten the collection of cash. With only 18 working days in December, the pressure is high to collect cash from potentially your busiest month of the year.
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