Brisbane's Accounting & SMSF Specialists

Tag: increase cash flow

How to increase your business cash flow

How to increase your business cash flow

Small business
The lifeblood of any small business is all in the cash flow. The best way to increase your business cash flow is to have a written cash flow plan and to follow it. We recommend using the following strategies to improve your business cash flow: Work with an accountant that focuses on small business. Use real time software to manage your books such as Xero. This will enable you to have a clear and current picture of your profit and cash flow. Analyse your cash flow regularly. Ensure more money is coming into your business: Establish a clear payment policy and communicate it to your customers. Offer discounts if your clients pay upfront or early. Offer multiple payment options such as ezidebit. Follow up your debtors. Software such as Xero can do this for you a...