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Cash flow management
- 10. Set up a robust
payment authorization
process.
- 12. If possible pay your
suppliers after you have
been paid by your
customers.
- 16. Make sure that your payment terms and payment due date
are on every invoice you issue.
- 17. Run a report on all outstanding debts on a weekly basis
and pursue all outstanding debt.
- 22. When preparing a cash flow
forecast you must remember cash
and profit are not the same thing.
- 24. Your cash flow forecast should
contain an estimate of when you
think will be receive money into
your business and when you will
have to pay out.
- 25. Each week or month you should
review the forecast against your
bank statement.
- 26. This will help you pick up on any
variances or discrepancies and will
improve your forecast in the future.
- 27. Contact Us for help with
Managing Cash Flow
www.arinobe.com cashflow@arinobe.com
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