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
Here's Friday's Fizzler!
I can be written, I can be spoken, I can be exposed, I can be broken. What am I?
Do you think you know the answer to our daily riddle? Don't spoil it for your neighbours! Simply 'Like' this post and we'll post the answer in the comments below at 2pm.
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The Gypsy Fair
The Gypsy Fair is a nationwide travelling event, bringing family fun, live music and an unbeatable vibe to each town we visit. Being on the road for over 45 years, it’s safe to say our roots run deep!
Come for a browse, let the kids loose on our rides, park up with some food and coffee, or watch our blacksmith tinker away, either way we would love to see you! Come & hang out for the day, we’re sure to bring smiles to your faces, and create lifelong memories.
Tongariro North Domain
Sat 28th and Sun 29th September
9am to 5pm
Free entry for everyone, see you there!
Poll: Should drivers retake the theory test every 10 years?
Drivers get where they need to go, but sometimes it seems that we are all abiding by different road rules (for example, the varying ways drivers indicate around a roundabout).
Do you think drivers should be required to take a quick driving theory test every 10 years?
Vote in the poll and share any road rules that you've seen bent! 😱
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48.2% Yes
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49.8% No
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1.9% Other - I'll share below
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