LSCA Business
2020: The year of the emergency cashflow forecast Well, nobody expected a year quite like that one. I doff my cap to those of you in the profession who have supported your clients throughout the year with all of the new terms and rules that have come into play with Furlough, CBILS, BBLS, SEISS or any of the other myriad of schemes that have been put in place to support businesses and their employees.
I
t may well be the first year on record where a majority of the profession spent more of their time in the present and the future rather than the past. Our clients wanted up to the minute bookkeeping, they wanted to know when they would see the cash from any work they were still doing or when the furlough funds might arrive and when their loan would arrive and whether they would make it through.
Your Support
It became the year to find support with things! Hopefully, you found useful tools like Capitalise to compare and find funding across a broad spectrum of lenders with BBLS, CBILS and more traditional funding for those businesses that bucked the trend, or perhaps you bubbled up with a finance broker who supported your clients. 6
