Cash Flow Strategies — business cash flow strategies

How Your Customer Billing Process Is Sabotaging Your Cash Flow

business cash flow strategies customer invoicing

How Your Customer Billing Process Is Sabotaging Your Cash Flow

There is one question a business owner needs to ask herself every morning * Not billing your customers in a timely manner is one of the biggest cash flow mistakes you can make. Read through the suggestions below to get your customer billing on track. Problem - You work on your customer billing whenever you can find the time. Solutions Put customer billing work on your calendar, just like you would a meeting. Do your customer billing at a time and place where there are no distractions. On the days you schedule billing work, do it very early in the morning...

Read more →


Cash Flow Tips You've Never Heard Before

business cash flow strategies

Cash Flow Tips You've Never Heard Before

As a business owner, you’ve probably heard many of the same cash flow tips such as staying on top of your accounts receivable and not purchasing too much inventory. Here are some unique and practical tips for keeping the cash flowing. Keep your personal bank accounts and business bank accounts at different banks. Having the accounts at the same bank makes it too easy to transfer business funds to yourself when you’ve blown up your personal budget.   If you wait until the 15th of each month to make your 941 payroll tax payment and it’s a cash flow hardship,...

Read more →


How To Take Back Control of Your Bank Account

banking business cash flow strategies

How To Take Back Control of Your Bank Account

Paying bounced check fees and never knowing what’s going to clear the bank account each day robs you of any cash flow management strategies you try to implement. If managing your business bank account feels like a game of Whack-A-Mole, use these tips take back control. First some tough love: Before you can implement the tips below, the first thing you may need to change is the mindset that you are too busy or too important to manage your own bank account. If something in your business is out of control, it should immediately become your problem and responsibility. Once...

Read more →


How To Design and Deliver Your Customer Invoice To Get Paid Faster

business cash flow strategies customer invoicing

How To Design and Deliver Your Customer Invoice To Get Paid Faster

There are several ways to format and design your customer invoice that will get you paid faster.  Stop using “Due on Receipt” terms. Most businesses do not pay bills upon receipt. So using this as your payment terms really provides no due date at all, and you’ve now let the customer decide when to pay you. Stop using “Net 30” terms if you want the customer’s payment in your bank account in 30 days. Most customers put a check in the mail on or around the 30-day mark when they see these terms. Sometimes the bookkeeper waits 30 days to print...

Read more →


How To Know if Your Employees Are Stealing Your Cash

business cash flow strategies

How To Know if Your Employees Are Stealing Your Cash

Does this sound familiar? You’ve delegated cash flow management and bookkeeping to an employee. When it’s time to pay bills, they show you the bills and available cash. There’s not enough cash to cover the bills. You don’t understand how this can be. You know your margins. You know your overhead. You don’t have any old receivables. You should have cash to pay bills. You conclude it must be your fault. If you could just increase sales, if you could just trim some overhead, if you could just learn to live on less, you would have enough money to pay...

Read more →