Running a business over the Christmas period

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With 2021 drawing to a close, the business world is racing to prepare for what is likely to be a very busy festive period. With many businesses expected to close their doors for almost two weeks, it is crucial that each aspect is in place to ensure work can recommence seamlessly come January.

For the team at Ellis & Co., not only are we preparing our own business, but we are also supporting our clients in their preparations. So, what should you be doing to ensure your business continues to run smoothly over the Christmas period (even if you aren’t in the office)? We take a look through some of our top tips below:

Prepare in advance

Preparation is key when it comes to the Christmas period. This ensures that your business is in the best possible shape to first, close its doors for the festivities, but also to get back up and running as seamlessly as possible come the New Year. Let your team know well in advance what their responsibilities are in the lead up to Christmas. If they typically carry out tasks towards the end of the month (such as end of month invoicing), this will need to be brought forward to guarantee it’s all completed in time.

Communicate with your clients

Letting your customers know when your offices will close, when they will reopen and any necessary deadlines is key, not only to providing a great customer service but also to ensure you aren’t returning to the office in January facing a raft of queries and issues to contend with.

Track your cashflow

It can be tricky to maintain cash flow during the festive period, due to the fact that many businesses carry out month-end cash runs when they will pay their invoices; of course, many won’t be working month-end in December. If you’re happy to wait longer for your invoice to be paid that’s great, but if you’d prefer payment prior to Christmas, we recommend sending invoices earlier, and encouraging customers to pay earlier. If you want to know where your cash flow stands over Christmas, your accounting software (and of course your accountants) will be able to provide a forecast, giving you a clearer picture of where your cashflow will be come 2022.

Enjoy the festive period

It goes without saying that Christmas is a time to relax and have fun with family and friends, therefore it is essential that you ready your business for the two-week office shutdown and can hit the ground running upon your return.

John Farrell, Director here at Ellis & Co. has said:

“On behalf of the entire team here at Ellis & Co. we would like to wish you a very Merry Christmas and a Happy New Year. We look forward to working with you once again in 2022!”

If you would like to learn more about our Chester accountants here at Ellis & Co. please get in touch today by emailing info@ellis-uk.com.