Christmas and COVID: Year end cash flow tips

Although lock downs seem to be easing and the states and territories are opening up their ‘borders’, we now have an added cash flow challenge to manage, with the Christmas and end of year break period. Many businesses usually find cash availability is tighter over this time, with more downtime, a lull in sales into the new year and debtor payments pausing over the break. Now it’s coming on top of COVID-19. We provide cash flow tips for a year end break with Christmas and COVID-19 and prompt you to start preparing now.