Five steps to better cash flow
- by admin
- May 27, 2025
- business startup tax management
Struggling with Cash Flow? You’re Not Alone. Here’s How to Take Control.
Cash flow challenges are a common hurdle for many businesses—but with a few simple practices, you can stay on top of it. It all starts with getting your invoicing right.
Send invoices promptly. The sooner you bill your customers, the sooner you get paid. Tools like Xero’s automated invoice reminders can also help keep things moving without the awkward follow-ups.
But good invoicing is just the beginning. Here are a few more smart habits to improve your cash flow:
✅ Keep your books accurate and up to date.
Knowing where you stand financially at a glance is key to making informed decisions.
✅ Be clear and consistent with customers.
You can be friendly and firm. Don’t delay following up on overdue payments—stay on top of your accounts receivable turnover.
✅ Simplify your accounting.
A clean, easy-to-understand system helps you track business metrics clearly. (Need a hand with this? We’ve got you.)
✅ Separate your business and personal finances.
Mixing them can blur the real picture of your business’s health. Keep them apart to see what’s really going on.
✅ Build a cash buffer.
Having a reserve means you’re better prepared for surprises—and able to jump on opportunities when they come along.
Start with fast, consistent invoicing and build from there. With the right tools and strategies, managing your cash flow doesn’t have to feel overwhelming.
Need help fine-tuning your invoicing or setting up systems that support your cash flow goals?
Get in touch—we’re here to help.