YOUR COVID-19
Cashflow Checklist
To support your business during this difficult time, Graeme Tennick & Co Accountants and Fluidly have partnered to provide this straightforward cashflow checklist.
Business costs
- What non-essential expenses could you cut out?
- Rather than paying in lump sumps, what payments could you spread out?
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Suppliers
- Are any of your larger customers open to more favourable payment terms?
- Have you spoken to your bank about funding?
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Payments
- Have you sent invoice chasing emails to debtors?
- For customers likely to get into difficulty, have you
suggested they pay in instalments?
- Are any of your larger customers open to more
favourable payment terms?
- Have you spoken to your bank about funding?
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Government support
- Have you reviewed the measures you may be
eligible for?
- Coronavirus Business Interruption Loan Scheme
- Statutory Sick Pay Rebate
- Business Rates Holidays
- Coronavirus Job Retention Scheme
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Tax bills
- Have you reviewed upcoming tax bills, so that you
and your accountant are ahead if the crisis
worsens?
- If you can’t pay your tax bill on time, have you
looked at HMRC’s updated ‘Time to Pay’ scheme?
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Systems and tools
- Are you making use of cloud accounting software?
- Have made sure your figures are up to date, to get
an accurate view of your current position?
- Are you leaning on your accountant for support with these tools?
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Support and advice
- Have you spoken to your accountant about
cashflow and business continuity advice?
- Are you leaning on your accountant for support
with accounting tools and technology?
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Your accountant is here to help:
Book a call: calendly.com/graemetennick
Call: 0191 580 0402
Email: enquiries@gtaccountants.com
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Government schemes mentioned are based on information available as of Wednesday 25 March and may be subject to change. Full details available here: www.businesssupport.gov.uk/coronavirus-business-support/