Claire1956
Registered User
- Messages
- 105
Folks
in current climate, if you have funds in co, should you draw down as salary and hold for rainy day in a personal capacity (plenty ahead) and run v. tight ship on business account, i.e. only keeping what you need for lets say two/three months to match monthly income projected/debtors on 45-60 days? Or is it better for company to have a stronger cashflow. Should the owner be selfish from personal view, as opposed to having a good set of accounts/cashflow. What is it that the banks prefer please?
Thanks
in current climate, if you have funds in co, should you draw down as salary and hold for rainy day in a personal capacity (plenty ahead) and run v. tight ship on business account, i.e. only keeping what you need for lets say two/three months to match monthly income projected/debtors on 45-60 days? Or is it better for company to have a stronger cashflow. Should the owner be selfish from personal view, as opposed to having a good set of accounts/cashflow. What is it that the banks prefer please?
Thanks