Managing cash flow

Cash flow tells you whether a business has enough money to pay its bills. Even a profitable business can run into trouble if it runs out of cash.

You will need

• Bookkeeping
• A cash flow statement

Steps

1. Track income and expenses

   Keep track of when money comes in and goes out.

2. Make a cash flow forecast

3. Invoice straight away

4. Shorten payment terms

5. Follow up receivables

6. Keep a buffer

7. Seek financing in good time

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