Cash flow planning for a second wave of coronavirus – AAT

11 Aug 2020

As businesses look to recover under the looming shadow of a potential second wave of coronavirus (Covid-19),

Businesses find themselves at an uncertain crossroads. While the lockdown is easing and business is gradually picking up, there is also the possibility of a second wave of COVID-19, which could potentially force them to close down again.

Cashflow planning has become the most important focus for businesses over the past few months and remains a top priority.  Clients are more aware of the dangers and importance of good cash flow management, but they’re also in a potentially more precarious position than they were before. You should be doing several things to make sure you are prepared:

·         Scenario planning

·         Review of spending

·         Use of technology

·         Tightening credit control

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