February: The cruellest month for cash flow

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AccountingWEB.co.uk
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February is the worst month for cash flow for small and medium sized businesses, according to the latest figures from Hitachi Capital Invoice Finance.

In particular, small businesses are feeling the pinch during the last week of February as payments are held until the month is out.

After compiling recent payment data, Hitachi has called on businesses to aid recovery by paying up and stopping the “crushing domino effect” on smaller businesses.

John Atkinson, head of commercial business at Hitachi, said the movement of finances sees a dramatic slowdown in terms of collecting invoice receipts.

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Another pointless survey

It is hardly surprising February is the worst month for cash receipts as it is the shortest month! Not likely to apply to small accountancy firms however with all that January overtime.

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