You are now leaving our website and entering a third-party website over which we have no control.
Manage your cash flow
The right cash flow strategies can go a long way to helping your business succeed.
Best practices to increase your cash flow
-
Invoice immediately after you deliver goods or services
-
Offer a small discount to customers who pay their bills early; charge a penalty to late-payers
-
Monitor your receivables on a regular basis. Establish a credit policy for your customers and be sure to follow up with late-payers
-
Use your business credit card to pay suppliers and earn rewards while taking advantage of the payment grace period
-
Ask suppliers for credit terms - this can help reduce outflows until you collect payments from your customers
-
Finance (equipment, vehicles) instead of buying to free up cash