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Cashflow

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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?
Suppliers

  • Are any of your larger customers open to more favourable payment terms?
  • Have you spoken to your bank about funding?
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?
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
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?
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?
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?
Your accountant is here to help:

Book a call: calendly.com/graemetennick

Call: 0191 580 0402

Email: enquiries@gtaccountants.com

Fluidity_2

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/