5 Tips to Improve Your Cashflow
                     5 Tips to Improve 
Your Cashflow
It is important that you can differentiate between what 
your profits are, and what your cash flow is… Cashflow 
is the life-blood of your business; it’s what allows you to 
pay off your bills and staff and keep the business afloat!
Here are 5 quick and easy ways that you can improve 
your cash flow today!
1. Make it painless by invoicing immediately!
The sooner the invoice is out the better. Be proactive 
and punctual with your invoicing. If you wait too long, 
the business that owes you may not have the amount 
within their budget anymore, or worse, they’ll forget 
the invoice altogether!
2. Automate your process so that everything is 
available in one system!
Automate your invoicing process so that you can auto-
generate any recurring invoices, resulting in faster 
payments which equals better cash flow! This 
complimented by the online-based payment services 
available such as E-way and Ezidebit will be your 
ultimate weapon!
3. Create clear payment rules in your terms and 
conditions
Be up-front and clear about your payment terms to 
avoid a debate with your customer later. Be sure to 
review and update as appropriate!
4. Understand the pain points of your customer
Some customers may not be as timely as others in their 
payment. By identifying what is a pain point in their life, 
you can address the issue and offer them an alternative 
you will get a much better response from them!
5. Know when to walk away
Don’t feel bad - if your customer is a repeat offender, 
do not waste any-more time or effort on them… Cut 
them loose! You can spend that time on someone that 
will respect your terms!
A survey conducted by accounting software firm CCH 
and global information service group Wolters Kluwer 
found that 31% of small business fail due to insufficient 
time management of the books! Avoid being part of 
this percentage by perfecting your invoicing process 
and everything else will fall into place…
Our team is ready to assist you with guidance and 
direction around the best fit for your business! For 
more information on how can a small business increase 
its cashflow check out our blog on managing cashflow 
for small business or Business Cash Flow Management 
in 9 Easy Steps.
Also, take advantage of our complimentary consultation 
and book in today to see how we can help!
https://www.ikeep.com.au/