Small Business Cash Flow_small.jpg  90% of small business failures are caused by poor cash flow. Put simply, not enough cash coming in the door and too much going out. Getting paid on time and managing your outgoings is critical to business success. Here you will find all you need to know about ensuring you get paid on time and developing effective cash flow policies.
Tips to ensure you get paid
Are you having problems getting your customers to pay their bills or dealing with clients who drag their feet when it comes to forking over the cash
How to cope with a surge in overdue debts in the New Year
Regardless of what time of year it is, chasing overdue debts is a task that most small business owners dread. But, chasing those debts post Christmas is often an even more arduous task as the pile of overdue accounts seems to climb higher than any other time of year. If this is the situation you find yourself in you are not alone!
How to create a budget and why you need one in the first place
Creating a budget is one of, if not the most, critical steps you can take to help ensure your small business maximises its chances of surviving beyond the first few years. Most entrepreneurs like yourself, start with a good idea, an identified market niche and a tremendous amount of enthusiasm to do whatever it takes to make the idea succeed.
What to look for when hiring collectors
You have been having some difficulty getting your customers to pay on time and have decided to appoint a debt collection agency to help out with your problem, but what do you look for in a collections agency? Many small businesses feel that once they have exhausted their own methods to try and re-coup outstanding debts they need to bring on board a go-getting, hard hitter who will collect their debts quickly. But truth be told, this isn't the best approach to take, especially if you want to get paid and keep your customers.
How to deal with bounced cheques
Being a small business it's highly likely that you've received a cheque from a customer that has bounced and, while bouncing a cheque can be a deliberate strategy to delay payment, more often than not the source of the problem is a cash flow issue.
Financing your business
Accessing finance is often a challenge for SMEs and although the Australian business environment looks to be on the up and up, credit providers look set to maintain a tight rein on their credit books. This means finance will continue to be hard to come by so, you need to ensure your cash flow is healthy.
Keeping up cash flow
A step-by-step guide for  SMEs to maximise their cash flow potential. Managing the invoicing process, setting the right credit terms,  and minimising bad debt.  
Understanding cash flow jargon
Every industry comes with its own language and its own jargon. The finance and credit management industry is no exception, there are a number of terms and phrases that are common to the industry but probably less so for business people where finance is only one component of their working day.
Writing a collection letter
Chasing overdue accounts is a task that most SMEs dread and often put off but getting the accounts in the door is an absolute necessity for effective cash flow management. Also, if you have provided a product or service to a customer they are obligated to pay for the item they have received - always remember that you deserve to be paid on time and in full!
Positive cash flow
No matter what the economic conditions, businesses are always looking for the edge over their competitors and in most cases, getting this edge requires cash. Cash is effectively a way for business to keep score as it tracks the flow of available funds that come into your business and flow back out again. It is vital to your success as without the inflows of funds you will be unable to pay your suppliers, employees and financers.

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