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