Switch to electronic invoicing

A big part of managing cash flow more effectively involves getting paid consistently and on time. One smart strategy to help ensure this happens is to invoice customers electronically. Electronic billing enables you to customize business invoices and set up automatic payment reminder emails as well as past-due notices. Once you set up a customer’s […]

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Negotiate with vendors

To prevent future fiscal headaches, talk to your vendors about extending due dates on accounts payable or try negotiating longer payment terms. If you speak with vendors up front and are reasonable about the time you request to make your payments, your chances of getting a longer billing cycle will likely go up.But remember: Your […]

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