Five steps to better cashflow
Five Steps to Better Cash Flow.
Need a hand managing cash flow? You’re not alone. The key is getting your invoicing right, by invoicing customers as soon as possible and using tools like Xero’s invoice reminders to move payments along.
That said, there are a few other simple rules you can apply to manage your cash flow and get your invoices paid even faster:
1. Keep your books accurate and up to date - so you can see your financial state at a glance.
2. Don’t be too lenient with your customers - you can be direct and still polite. Keep a close watch on your accounts receivable turnover at all times and act sooner rather than later.
3. Keep your accounting simple - so you have a good handle on these business metrics. We can help with this.
4. Keep your business and your professional finances separate - this is essential to understanding your true cash flow position. Mixing your business and personal finances can leave you uncertain about business performance.
5. Build a cash reserve - so you are prepared for unexpected events and can take advantage of opportunities when they pop up.
First you want to get your invoicing right. Get into a habit of sending invoices quickly. Then follow the steps above to collect revenue and keep your finances organised.
Get in touch for guidance on your invoicing and business cash flow.
Phone: 027 6156145 or 06 8671905
email: admin@jba.net.nz
website: jba.net.nz
Happy Monday everyone, here's a riddle to start your week off right!
What can go through the water and yet not ever become wet?
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Haven Falls Funeral Home Ki Rotorua
Haven Falls are very blessed to be opening their new branch in Rotorua.
Located at 271 Old Taupo Road, Rotorua these facilities offer a large chapel, dining hall and extended off road parking.
We invite you at anytime to pop in and speak with one of our team members and have a look around the facilities offered.
We operate 24 hours 7 days a week.
0800 428366
For a bit of fun...
What old products do you miss? Some products do become part of your life, whether it's just a treat you have at the cinema or your favourite breakfast spread.
Do you have a childhood memory to share? Let us know below what products you still think of fondly!
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