Cash flow is a key indicator of a business’ financial health. Knowing how to maintain a healthy cash flow is essential to being a successful business.

Effective cashflow management can help to decrease the required capital and it can increase profitability by reducing interest expenses. It can also help to generate income on surplus funds. Properly managing cash flow is a matter of both good overall planning and effective use of cash flow strategies.

About the checklist

The checklist covers the key areas of:
• Sales
• Suppliers and costs
• Accounting and reporting
• Cash and inventory
• Assets and financing
• Trading patterns

What to do?

Owners of well managed businesses can consider the relevance of each of these best practices in the context of their own business.

Not all best practices will be suitable for all businesses. You can clarify why, or why not, a particular best practice might be useful in the Comment column.

Register for your report

Turnover for vanity, profit for sanity but cash is the reality. If you are owed money that should have been paid then register for the Cashflow Best Practice Checklist.