THE XMAS AND NEW YEAR CASH FLOW CRUNCH (November 16, 2017)
The Christmas and New Year holiday season is not too far away and many businesses are now planning their cash flow requirements for this period. This can be a challenging time for managing cash flow, with the slowdown in business activity over the holiday season and activity levels not returning to normal until March.
For many business it is not just sales that suffer during this period, collections will also be down with many businesses closed from 24 December until the third week of January. In the mean-time businesses still need to fund the Xmas holiday pay, second provisional tax payment due in January, GST obligations, rent and other fixed costs.
The flexible nature of Interface’s invoice discounting service could be the solution for those in need of short term assistance and unable to obtain an extension to their current bank facilities. Please contact us if we can be of assistance.