Estimate costs for the entire year

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To ensure mutual trust, payment terms with both customers and suppliers should be agreed upon at the beginning of the relationship and, to ensure timely payments, offer your customers discounts or freebies.

Finally, you can agree with your bank on a form of factoring: an advance financing of company credits by providing invoices issued for agreed contracts and letters of assignment as collateral.


In addition to performing monthly or quarterly cash flow checks , a company chinese overseas british data also needs to perform an annual forecast to predict expenses that are less frequent but often higher, such as insurance or taxes. In fact, it is also good to calculate annual business costs based on previous years' expenses. Having this overview can help you find solutions to optimize expenses.

However, the customer value throughout the year must also be considered: this operation allows you to forecast sales for a longer period of time.