Running Your Business Accounts
Mark S. Elliott has spent 25 years working in various management roles within the tenanted and leased divisions of the UK's largest breweries and pub companies. His extensive knowledge and day-to-day involvement with pubs and publicans make him well qualified to know what is required to run a successful pub. He shares his knowledge and many 'insider tips' with you in this book. Mark is based in Cockermouth, Cumbria.
RUNNING YOUR BUSINESS ACCOUNTS
Running your accounts properly will build good relationships with the bank and keep costs down. Here are some tips:
- Abide by the terms of your bank accounts.
- Do not exceed your overdraft limit without prior agreement.
- Keep your bank up to date about your business.
- Notify the bank of any problems you are experiencing with the business.
- Check your bank statements regularly.
- Keep your bank records in an organised manner.
- Review your banking arrangements every couple of years to check that you are getting the best deal.
- Renegotiate terms with your bank as your business needs change.
- Use on-line banking and automatic transactions to keep bank charges down.
- Monitor your cash-flow requirements and plan for any anticipated cash shortages.
