Category: Manage Your Cashflow
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Invoicing and payment terms
Getting your invoicing system and payment terms right can be key to a healthy cashflow. You need to ensure your customers understand how much they need to pay and when they must settle up. They are more likely to pay you on time if these terms are clearly set out in writing from the start. This…
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Identify potential cashflow problems
Identifying any potential cashflow problems before they occur can help you to prepare for them and prevent financial crises. This guide outlines the benefits of keeping an eye on both your projected figures and market conditions in order to be ready to adapt and take action to avoid potential problems. It also stresses the importance of creating…
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Cashflow management: the basics
Managing your cashflow is vital for business survival and growth. To run your business effectively, you need to balance the timing and amount of your costs with those of your income. This guide explains the various areas you need to consider when managing and improving cashflow in your business, including dealing with customers, suppliers and…