I am expert in cash flow management, I help my clients to track, analyze and improve the financials of their business. The goal of cash flow management is to set you in positive cash flow by balancing accounts receivable and accounts payable.
Following are strategies for effective cash flow management:
1 Know how much you need to break even
2 Have an emergency cash reserve
3 Set invoices timelines and terms
4 Encourage easy and early payments
5 Put cash flow over profit
6 Assign someone to monitor cash flow
7 Drive sales with incentives or promotions