For small businesses, managing cash flow effectively is crucial for growth and resilience. A useful tool often overlooked is a business saver. An easy access business saver can provide small businesses with the flexibility needed to navigate the financial ups and downs. Let’s explore five different ways your business could benefit from a flexible business saver.

 

1. Earn interest and reinvest

 

A high interest business savings account can generate returns that can be reinvested back into operations. These earnings, while seemingly small initially, can accumulate over time and grow into something greater. By choosing the best easy access business savings, businesses can ensure their cash reserves are working hard for them.

 

These earnings could be used to elevate your operations, whether that’s buying new equipment, funding marketing, or hiring new employees.

 

2. Build a financial safety net

We can’t predict what might come our way but we can be prepared for any unexpected surprises – this is especially important for small businesses. Building a healthy source of cash reserves can help smooth out the rough patches that come with running a business, and a high interest easy access business savings account is a great way to do this.

 

3. Simplify book keeping and tax planning

 

Managing your cash flow effectively is vital when it comes to running a business, but when you have multiple sources of money coming in and out it can be easy to lose track. Setting money aside with a specific purpose, like tax payments, in an easy access business savings account can make it much easier to track your business income and expenses.

 

4. Plan for the future

 

As a business owner, you’ll know how important forward planning is. Proactively planning your business finances could lead to more financial flexibility.

 

A high-interest easy access business saver, like the Moneybox Business Saver, could help you plan out your businesses financial goals or future expenses, like employee hiring, marketing funding, or new equipment. Plus, with the Moneybox Business Saver, you’ll earn a competitive rate on your savings – meaning you could reach your goals sooner.

 

T&Cs apply.

 

5. Create a strong balance sheet

 

A ‘balance sheet’ is a financial statement which shows a business’ assets, liabilities, and shareholder equity. A healthy balance sheet is indicative of a strong business and will typically report that the business has greater assets than liabilities.

 

Using a high-interest easy access savings account is a good way to grow cash reserves, which could lead to building a strong balance sheet. Keeping a healthy source of surplus cash could also demonstrate financial responsibility to potential future lenders.

 

Moneybox Business Saver

 

The easy access Moneybox Business Saver allows small businesses in the UK to earn interest on their cash reserves. By strategically harnessing our Business Saver, you can enhance your cash flow, build financial resilience, and position your business for growth.

  • Earn a competitive rate. Earn interest on your cash reserves.
  • Switch seamlessly between personal and business. Manage your personal and business finances easily in one simple app.
  • Build an emergency fund. Don’t let an unexpected obstacle derail your business.
  • Optimise your cash flow management. Keep your expenses, taxes, or business savings separate.

The Moneybox Business Saver is coming soon! Watch this space for more updates.