Running a business isn’t always smooth sailing. Even the most successful companies hit bumps in the road — especially when it comes to cash flow. If you’ve ever worried about making payroll, struggled with slow-paying customers, or felt overwhelmed by rising costs, you’re not alone.
In fact, over 80% of small and medium-sized businesses (SMEs) in the UK experience months of negative cash flow. It’s a common challenge, but the good news is: you don’t have to face it on your own.
That’s where a good accountant comes in.
Why Having an Accountant by Your Side Matters
Think of an accountant as more than just someone who “does the books.” They’re your financial co-pilot — helping you make smart decisions, stay on top of your cash flow, and spot opportunities you might otherwise miss.
Here’s how having a professional on your team can make a real difference:
- Clarity and insight: Understand where your money is going and where it should be going.
- Cash flow confidence: Keep your business running smoothly by predicting ups and downs before they happen.
- Strategic decisions: Get practical advice on how to reduce costs, manage debt, and grow sustainably.
A strong cash flow isn’t just about survival — it’s about seizing opportunities when they arise, whether that’s investing in new equipment, hiring talent, or expanding into new markets.
6 Ways to Unlock Hidden Cash in Your Business
Before you rush to apply for more credit or loans, take a closer look at what’s already on your balance sheet. There could be hidden cash opportunities sitting right under your nose. Here are six strategies an accountant can help you implement:
1. Get Paid Faster and Pay Smarter
Are your customers taking too long to pay? Are you paying your suppliers too quickly? These small details can seriously impact your cash flow.
By reviewing your invoicing and payment processes, an accountant can help you:
- Shorten your cash conversion cycle
- Negotiate better payment terms
- Identify process gaps that are slowing down your income
Sometimes just tweaking how and when money flows in and out of your business can free up significant cash.
2. Sell or Repurpose Underperforming Assets
Do you have equipment, property, or parts of the business that aren’t pulling their weight? Selling or repurposing these can free up funds to reinvest where they’ll make a bigger impact.
Your accountant can help identify which assets aren’t delivering a good return — and create a plan to put that money to better use.
3. Recover “Trapped” Cash
If you operate through subsidiaries or partnerships, you might have money tied up across different accounts or ventures without realising it. A financial review can help uncover those hidden funds and put them back into your business.
4. Streamline Loans and Credit
Debt doesn’t have to be a burden. By renegotiating the terms of your loans or credit facilities, you could save money and boost your financial flexibility. An accountant can guide you through the options and even liaise with lenders on your behalf.
5. Reassess Long-Term Liabilities
Some liabilities, like environmental or compliance-related costs, can often be better managed — or even reduced — without compromising your obligations. By re-evaluating these, you may be able to unlock more liquidity than you expect.
6. Explore Pension-Led Funding
Here’s a creative option many business owners overlook: using your pension to help fund your company. Pension-led funding can be a cost-effective way to finance growth — and the best part? The interest you pay goes back into your own pension pot.
Why Work With a Professional Accountant?
Financial challenges don’t have to spell disaster — but they do require a smart, proactive approach. With expert support, you can:
- Improve cash flow without taking on unnecessary debt
- Uncover hidden opportunities to free up funds
- Make confident decisions about your company’s future
At Friendly Assist Accountancy, we specialise in helping small and medium-sized businesses weather financial storms and come out stronger. From streamlining your receivables to unlocking balance sheet cash, we’re here to guide you every step of the way.
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