Top tips for healthy cashflow
Every accountancy firm and business knows how vital cashflow is for success, therefore good cash management practices should be top of the agenda.
Our sister website BusinessZone.co.uk recently published a series of top tips, sponsored by Visa, for maintaining good cashflow.
Here is a digest of the key points:
- Prepare and update cashflow forecasts
- Go paperless
- Keep up-to-date with invoicing
- Ask for upfront payment
- Cut out non value add activity
- Pay your bills as late as possible