Everything about cash flow, liquidity and financial management

The cloud-based accounting software lexoffice is a powerful business solution that you can connect with Tidely to synchronise your outstanding invoices and other important data, integrating them into your liquidity planning in real time. This practical feature for significantly increased efficiency is just the beginning: lexoffice offers much more. From legally compliant invoices that are instantly recorded in accounting – lexoffice is e-invoice ready.

An effective liquidity management strategy is crucial for a company's success. By implementing precise liquidity planning, financial bottlenecks can be avoided, and financial stability ensured. We explain below why you should opt for digital solutions instead of Excel for liquidity planning and how to find the right tool for your business.

As the founder of a start-up, one faces new challenges daily. Processes are implemented step by step, structures are continuously adjusted, and the business model must first prove itself. Will the idea withstand the competition? Is there sufficient demand for the product or service? And most importantly: How long will the liquidity reserves last? This last point is particularly crucial, as a lack of funds is one of the most common reasons start-ups fail. Therefore, it is essential for start-ups to keep an eye on their finances from the very beginning and to know how long their cash reserves will last. The Burn Rate and Cash Runway are key metrics that every start-up should be familiar with. We explain how to calculate both metrics and provide tips on how to optimise the Runway Length.

Admittedly, it can be a challenge to create a budget plan. Typically, excessive demands clash with too little money, leading to power struggles over budgets, and as a result, resources are not used effectively. Simply skipping the budget plan? That is definitely not a solution, as planning provides transparency about the financial situation at both project and company levels. But how does budget planning work? We have valuable tips and a step-by-step guide for you.

Every company must handle both regular and one-off payments on a monthly basis. This includes salaries, rent, taxes, insurance premiums, and credit payments, as well as costs for repairs, acquisitions, and marketing. These expenses must be paid either immediately or within a specified payment period. Salaries are typically disbursed at the end of the month, while taxes and credit payments are due monthly or at set intervals. This can lead to significant financial stress at certain times.

What do companies that work on a project basis have in common? That’s right, an often jam-packed and stressful daily routine. Ongoing projects with pressing deadlines, demanding pitches for new clients, and unforeseen change requests during project submissions, alongside internal tasks such as accounting and personnel management—the task list for agencies, consultancies, and all other companies involved in project-based work often seems endless. For this very reason, it is important to pursue stringent project management, including a well-thought-out project plan. In this blog post, we will show you how to design project planning in an ideal way and share tips and tricks that lead to project success.

Within a start-up, craft business, or other small to medium-sized enterprises, invoicing often falls directly on the service provider. Many business owners only appoint an employee to handle invoicing and accounting exclusively once the company reaches a certain size. However, proper invoice management should not be a matter of company size, but rather a matter of course.

Factoring describes the sale of receivables from goods sales or services to third parties. If your company has completed an order and delivered goods or a service, the invoice will subsequently be sent to the customer. Your customer must then settle the invoice within the agreed payment term. This is where factoring comes into play: You send a copy of this invoice to the factoring service provider. Within 24 hours, you will receive your receivables directly from the factoring service provider.

In a turbulent business environment, it's crucial that you always keep an overview of your finances. Tidely offers you a flexible tool to efficiently manage your liquidity and make informed decisions. With real-time cash flow analyses and integrated scenario testing, Tidely enables you to precisely plan future financial developments. This allows you to better plan investments and identify potential liquidity shortages early on. Discover how Tidely strengthens your financial control and gives you more time to focus on growing your business. Test Tidely and see for yourself the benefits it offers!