Kick Start Your Cashflow

Course Overview

This course deals with the process of controlling cash within an SME.  The material covered enables the owner/manager of an SME to learn techniques and systems that can be implemented in the workplace to improve cashflow.

The factors that lead to negative cashflow are explored so the SME owner/manager can address same and implement changes to enhance the cashflow of the business.  This course will equip the SME owner/manager with the knowledge and skills needed to deal with the cash control function of their business.

Course Content

Causes of negative cashflow

Cash Sales
•    Controlling cash

Credit Sales
•    Debtor Management
•    Payment options

Supplier management
•    Payment options

Cashflow forecasts
•    Developing forecast models – basic to advanced

Financing
•    Evaluate current business financing
•    Review alternative business financing 

Revenue Commissioners
•    Timing of tax payments - VAT / PAYE / Income tax / Corporation Tax
•    Revenue payment arrangements – direct debit option / arrears
•    Cash or accrual accounting for VAT

Course Objectives

The course aims to impart specific knowledge relating to cashflow management.  Key areas concerning cashflow control are covered to enable the SME owner/manager identify areas of weakness currently inherent in their business and options to strengthen cashflow. 

Delivery Methodology

This course aims to bridge the gap between theory and practice.  Participants will be involved in activities designed to develop their understanding of topics covered.  Participants will engage in individual and group tasks to reinforce the learning objectives of the course.

Location: Irish Times Training, The Irish Times Building, 24 - 28 Tara Street, Dublin 2