Profit ≠ Cash - Why a healthy P&L doesn’t mean a healthy bank balance

Less Than 15

You’re profitable on paper, but your bank balance tells a different story. Why?

In this episode, we speak with Mike McNab, Partner at DFK Oswin Griffiths Carlton in Auckland, about the critical differences between profit and cash, and how too many business owners find out the hard way.

Mike breaks down five common cashflow killers, offers simple tactics to tighten your finances, and shares how to use tools like Xero and SYFT to stay ahead of the curve. This is a focused, practical chat to help you spot risks, boost cash, and make better decisions in any market conditions.

In this episode, we cover:

• Why profit doesn’t guarantee positive cashflow
• The 5 biggest cashflow killers to watch for
• How to spot patterns in customer payments
• Strategies to speed up cash collection
• Simple Xero tools to track cash and stay alert
• How tech can reduce surprises and support smarter decisions

Mike also mentioned the value of using SYFT, an AI-powered cloud software that can create reports, forecasts, dashboards, and consolidations.

Action Step
Take 10 minutes each day to review your cashflow. Ask: What’s due in? What’s due out? Any red flags? Start tracking patterns before they become problems.

Guest Bio
Mike McNab is a Partner at DFK Oswin Griffiths Carlton in Auckland. With deep expertise in business performance and advisory, he helps SMEs across New Zealand navigate the complex relationship between profitability, cashflow, and sustainability, often using tech tools to make smarter, faster decisions.

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