Jake, if it's any help at all, I have set up a primitve "liquidity" view in the notes database which follows my invoices. It helps out to see how much cash is really there, albeit very roughly. There are two documents, one the invoice documents, and the other an expense document. I average out the monthly costs like salary, rent, phone bills, ISP bills, etc, and that is 12 documents in the database. Then I have 4 VAT documents, one insurance document (bastards make you pay for a whole year upfront here in Switzerland), and one corporate tax document.
It was really quickly set up, and it helps me see where the money is (or isn't). Just looking at your current bank account balance works as a private person, but is completely misleading as a company.
If I could also recommend something, when the going gets better and the cash starts flowing in, start building up a nice little cushion. It has taken me three years but I now have 7 month's salary reserve cash sloshing in the company's coffers, and that makes life a lot easier - no poring over the accounts to see if there is enough cash next month.
Also, if you are just going to let your tax money untouched, then I would recommend talking to your bank manager and setting up fixed term deposits for that money - they give you a better interest rate, and since it is expensive to withdraw money "early", you have an extra incentive not to touch the money.
Jake, if it's any help at all, I have set up a primitve "liquidity" view in the notes database which follows my invoices. It helps out to see how much cash is really there, albeit very roughly. There are two documents, one the invoice documents, and the other an expense document. I average out the monthly costs like salary, rent, phone bills, ISP bills, etc, and that is 12 documents in the database. Then I have 4 VAT documents, one insurance document (bastards make you pay for a whole year upfront here in Switzerland), and one corporate tax document.
It was really quickly set up, and it helps me see where the money is (or isn't). Just looking at your current bank account balance works as a private person, but is completely misleading as a company.
If I could also recommend something, when the going gets better and the cash starts flowing in, start building up a nice little cushion. It has taken me three years but I now have 7 month's salary reserve cash sloshing in the company's coffers, and that makes life a lot easier - no poring over the accounts to see if there is enough cash next month.
Also, if you are just going to let your tax money untouched, then I would recommend talking to your bank manager and setting up fixed term deposits for that money - they give you a better interest rate, and since it is expensive to withdraw money "early", you have an extra incentive not to touch the money.