Page 11 - Perfect Balance - Sle Trader Guide

Budgeting and Financial planning
Create a detailed budget for your trade business. Outline your expected monthly and annual expenses, including rent, utilities, insurance, supplies and marketing costs. This budget serves as a roadmap for your financial decisions and helps to avoid overspending.
Let us know if
you would like a copy of our Cash Flow Forecasting template and we will send you this FREE OF CHARGE to help get you on your way.
Invoicing and Payment terms
Establish clear invoicing and payment terms for your customers. Create professional invoices with itemised details, payment due dates and accepted payment methods. This is where a software can come in very handy (see page 8).
Consistent invoicing ensures you are paid promptly and helps with cash flow management. Follow this link to find out what you need to show on each invoice to ensure you comply with HMRC’s requirements
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