Election and the Budget
May 14, 2016Employee or Contractor?
June 9, 2016The following article provides six accounting tips to improve Cash Flow for small businesses. These tips are not really secrets!!! Most of us know we need to do them but lack of time, processes, technology or knowledge.
- Manage your Cash Flow start by creating a budget and understand the movement of cash through your business;
- Invoice promptly with the view to prompt payment;
- Set payment terms and stick to them. Chase up unpaid invoices quickly;
- Make it easier for clients to pay – give clients more payment options;
- Reward clients who pay early – provide discounts on early payments;
- Keep your records current and accurate – use bank feeds