As a business manager, you know that VAT and cash flow don’t always see eye to eye. The reason for this is the delay from the time you collect VAT from your clients to the time you need to pay it. This delay may cause a lack of cash flow if, for example, you forgot to anticipate the payment and spent your available funds.
For this reason, it’s imperative that you plan for how VAT will impact your cash flow. You can also take some practical steps to avoid any unpleasant surprises. Cue Qonto.
We’ve created a step-by-step tutorial to automate this task with Qonto in under 10 minutes.