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Andrew Jeffers CEO / December 3, 2020

Five Steps to Better Cash Flow?

Need a hand managing cash flow? You’re not alone. The key is getting your invoicing right, by invoicing customers as soon as possible and using tools like Xero’s invoice reminders to move payments along.

That said, there are a few other simple rules you can apply to manage your cash flow and get your invoices paid even faster:
1. Keep your books accurate and up to date
2. Don’t be too lenient with your customers
3. Keep your accounting simple
4. Keep your business and your professional finances separate
5. Build a cash reserve

Read more on the five rules for managing small business cash flow in the Xero small business guide. Feel free to get in touch with us for guidance on your invoicing and business cash flow.

 

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Filed Under: Andrew Jeffers, Business, Business Planning, Cash Flow Tagged With: Andrew Jeffers, Business, business cash flow, Cash, cashflow, shuriken, shurikenconsulting, smallbusiness

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Shuriken is at the forefront of accountancy, providing clients with a broad range of services, coaching and mentoring.

Contact Shuriken if you want to launch or grow a business or if you want to get a clear action plan on how to achieve your financial goals. We can help with benchmarking, cashflow forecasting, payroll and much more.

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