Another Monday, another chance. The businesses with the clearest numbers aren’t necessarily the biggest – they are the ones with a routine.
Every week
- Review cash in the bank and mobile money against what is due this week
- Follow up on overdue customer balances
- Approve supplier payments against invoices and orders
Every month
- Reconcile bank, cash and mobile money accounts
- Prepare and file tax returns that fall due, and keep proof of submission
- Produce management accounts and compare them with budget
- Review stock levels and costs
Every quarter
- Review performance and update the forecast
- Check upcoming tax obligations such as Quarterly Payment Dates
- Revisit pricing, costs and cashflow plans
This is exactly the rhythm we follow for clients on our outsourced finance management retainer: weekly cashflow reviews, monthly management packs and quarterly strategy reviews.
New week. Clearer numbers. Smarter decisions.