Managing Your Business Finances
Let’s start with a cautionary word for any aspiring online, or offline, business owners.
It is a legal requirement to keep proper accounting records
Yes, it’s not generally at the top of the list of reasons for any entrepreneur starting out, but managing the accounts and cash flow in your business, regardless of size, is essential to its survival, and may even be the single most important element of your whole operation.
Let’s be honest, no one starts a business because they want to be super efficient at accounting and managing their finances.
It’s your passion, your drive, your belief that gets you going, and into that exclusive club of people who actually take that first step into business ownership.
But all of that determination and ambition will get you absolutely nowhere if you do not understand that consistently implementing basic financial management skills is crucial to sustainable success.
>> Keeping on top of cash flow and having the sufficient funds set aside for tax are key to spotting problems before they arise and ensure quick decision making.
>> This maximises profits and minimises losses.
Managing Your Business Finances is a four module course that has all the information and tools you will need.
Think about it, the key to a successful business is knowing your business finance inside and out.
The great news is you don’t need a business finance degree to do it!
You just need to know exactly how much money it takes each month to keep your business up and running optimally, and exactly how much money you make to ensure the business is profitable.
But if you’re lost when it comes to proper accounting, business funds and resource management, the chances are your big idea will very quickly become a non starter.
It all seems so confusing
Do I need special software?
Where do I start?
What’s the difference between a sole trader and a limited company?
How do I manage credit control?
Then how do I make sure I get paid?
What does profit and loss mean?
What is forecasting?
We will talk you through all this and way more, making sure it’s explained in a concise and easy to understand way.
No confusing terminology and no intimidating rules to follow – just the facts to get you set up and in the best possible position for success.
And just to drill home how important this all is, let’s look at some of the reasons why efficiently managing your accounts and cash flow is crucial to the health and sustainability of your business.
Your cash flow represents the money moving in and out of your business. Managing it effectively ensures you have enough funds to cover daily operations, pay bills, suppliers, and employees on time, and avoid running into cash shortages.
Properly managing your accounts and cash flow enables you to plan for payments and expenses, meaning you’ll be less likely to look for emergency borrowing or using expensive overdraft facilities.
When you fully understand your cash flow, you are able to think about how you can grow your business, and take advantage of any strategic opportunities that come your way.
Cash flow forecasting stops you living in “feast and famine” mode, by allowing you to predict future financial needs and make informed decisions about spending, saving, and investing. By getting clear on your cash flow cycles – things like peak revenue periods and low income periods – you can plan better and ensure there is enough reserve during leaner periods.
No one wants extra expenses, and managing your accounts properly means that all financial obligations, including taxes, payroll, and debt payments, are met on time, avoiding costly penalties, late fees, and interest charges that can result from missing payment deadlines.
Monitoring your cash flow helps you identify patterns, inefficiencies, or areas where your business can improve its operations.
Paying your suppliers, employees, and creditors on time really does help to build a solid reputation for you, and your business. Companies that consistently struggle with cash flow often face reputational damage that can affect their relationships and future business opportunities.
Split into 4 information packed and easy to follow modules, accompanied by tasks to complete, and resources and templates to get you completely on top of your finances, Managing Your Business Finances is the perfect tool for any new business owner.
Join the December 2025 live round and get all your questions answered in real time, for an investment of £350
(All live workshops are recorded - includes Facebook group for community and support.)
Over 4 live, in-depth workshops, we will cover :
Tuesday 2nd Dec 1pm - Module 1: Organising Your Finances
Choosing the right software for you
Management Accounts
Meeting Filing Deadlines
Thursday 4th Dec 9am - Module 2: Cash Flow
Money In
Receiving Payment
Chasing Payment
Credit Control
Tracking Debtors
Using Software for Debt Collection
Pricing and Preparing Quotes
Monitoring Expenses
Monday 8th Dec 1pm - Module 3: Forecasting & Predictions
In depth, step by step guide to forecasting
How Software Can Help
Thursday 11th Dec 7pm - Module 4: Keeping on Top of Taxes
Using the Tax Calculator Resource
Where To Save Taxes?
Claiming Expenses
Sole Trade or Partnerships
Limited Companies
Keeping Correct Paperwork
This is the perfect course for you if you are at the beginning of your business journey and want a package that covers every financial element of running your business.
It’s the perfect resource for you to complete with live support from your very own outsourced Finance Director - Julie Williams, and then refer back to time and time again as and when you need guidance.
Don’t make the mistake that so many do of ignoring the financial stuff because it’s not exciting or inspirational!
Getting your finances nailed is the foundation for any sustainable success, leaving you perfectly positioned to focus on doing what you love, confident that you know exactly what is going on in the financial management of your business.
