Cashflow Management Trending Articles

Cashflow Management

Best Ways to Improve Business Cashflow

Businesses work for money. I mean, apart from any other good cause, goal, etc., if you speak about material rewards, then businesses do work for cash. This means that cashflow management should always be a priority for business owners in order to know where their money is coming from and where some of it is going to. A big part of a good cashflow management strategy is to have a cloud accounting software, for example, which will help you get all of your company's cash history up-to-date and...

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Cashflow Management

DO NOT Take Staff Super For Your Cashflow this Christmas

Christmas time is right around the corner, and for businesses, especially small ones, it means a lot of financial matters need to be taken care of. Dealing with those cashflow issues by keeping super entitlements of your employees is not the best option for you. In order to avoid cashflow...

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Cashflow Management

23 Ways to Help You Improve Poor Cash Flow

Positive cash flow is crucial for any business’s financial success. If your cash flow is in a poor condition, your company is in a major trouble. There are a lot of tips and methods on how to improve poor cash flow, and most of them hold good advice in them but are usually incomplete. So, here is...

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Cashflow Management

When Should You Ask For Help With Cash Flow?

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Cashflow Management

How to Collect Debt Without Straining Your Relationships

Within the SME tangled web of suppliers and customers, there is a chance that some of the debtors will be family, friends or people who you have been working with for years. Most relationships are built on trust and therefore, businesses might be inclined to allow a debtor extra time to pay up...

615 views

Cashflow Management

Cash Flow Statements & Reporting: A Guide for Beginners

What do you focus on when you look at cash in your business? Do you know your business's cash cycle? Did you know to understand your cash better you can use a cash flow statement? You can access them from your accounting software program or ask your accountant! Here are some important...

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Cashflow Management

Seven ways to unlock cash flow with better inventory management

Your inventory system is on the top of the range, but what happens if garbage goes on? can you guess? If you have products that haven't been sold for a long time, here's how you can get rid of them wisely. Think about having an exit strategy. The importance of the fresh set of eyes: calling in an expert as very often it takes special skills to wisely apply the principles of inventory management to your environment. Well, instead of seeing stock on your shelves, think of it as money. Cold...

1.62K views

Cashflow Management

How to Avoid a Cash Flow Nightmare

A cash flow forecast is a vital tool to predict any cash flow shortfalls. They help you mitigate risks and avert a crisis by raising funds through short-term bank loans, asset sales, refinancing and equity financing. You can also consider borrowing from friends and family, using your own funds or...

781 views

Cashflow Management

5 Steps to Successfully Implement Your Cashflow Plan

Having and implementing a good cashflow plan means that you’ll have a clear understanding of what money comes into your business and how much money goes out of it. A lot of entrepreneurs lose track or fail to maintain a cashflow management plan due to focusing on other aspects that may seem more...

1.32K views

Cashflow Management

Cash Flow: The Oxygen of Business

We’ve all seen enough movies to know how to conserve oxygen if we’re stuck in a lift. Don’t speak too much, don’t shout and definitely don’t light a fire! However, there are many Australian businesses who soon find it hard to breathe because they are doing precisely all of those things. Often it...

2.37K views

Cashflow Management

Increase your cashflow by automating 3 simple daily tasks

Daily administrative tasks like creating and sending out invoices, and chasing customers that have conveniently forgotten to pay you, can take up an enormous amount of time and resources in your business. They can also become very mundane and placed at the bottom of the to do list or too hard...

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Cashflow Management

How to Ensure Your Invoices Get Paid on Time

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Cashflow Management

16 Ways to Improve Cash Flow and Cash Management in Small Businesses

Cash flow is the lifeblood of every business. It is consistently one of the top challenges I have found SME’s face. There are thousands of examples of profitable businesses (large & small) that have failed – purely due to a lack of cash. In my experience, there are a number of ways small...

5.39K views

Cashflow Management

High profits & about to crash?

High Profits & About to Crash? A relevant question for SME Management. “How important is profit?” this question in one form or another is one of the most common questions we receive from new SME owners or potential start-ups and surprisingly it’s not a simple one to answer. Some time ago I...

1.78K views

Cashflow Management

Cash is King! 7 Tips for cashflow management

For any business, survival depends on continued positive cashflow. In difficult economic times the sooner the cash is in the door the better. Here are seven (7) tips for managing cashflow: 1. Build a Cash Flow plan. By doing so, you will know when your peak demands for cash will be thereby allowing you to manage more effectively. If you can demonstrate to your bank that you understand your business and its flows the greater the confidence they will have in your ability to repay any financing...

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Cashflow Management

Dealing with Problem Debtors

Dealing with Problem Debtors Poor debtor management can have a huge impact on your business. If your cash flow is being controlled by your debtors then you need to take back that control. If you are having problems with your debtors here are some strategies that may help to get them to pay their...

1.36K views

Cashflow Management

Lack of Cash Flow? – Prepare for a Heart Attack!

When I discuss cash flowDo Things Differently If things are a bit tough, query all expenses. When I have clients who are really struggling, I get them to ask the following two questions when it comes to expenses: Is this expense critical in getting more sales? If it is pay it. If not, ask the...

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Cashflow Management

How To Get Your Money Faster - Without The Hassle

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Cashflow Management

Why cash is more important than profit

Why cash is more important than profit? What does it take to make a success of your small business… how can you avoid adding to those frightening statistics about failure rates of small business? So....What do you need to know about financial management and how do you need to apply that...

1.6K views

Cashflow Management

Cash Or Crash – The Importance Of Managing Cash Flow

One of the keys to being successful in any business is the ability to properly manage the cash flow. Every business ultimately relies on cash to pay employees and suppliers in order to provide the goods and services to customers so that it can remain in business. While it’s certainly possible for...

1.48K views