Cashflow: invoicing and payment terms

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Getting your invoicing system and payment terms right can be key to a healthy cashflow. You also need to be aware of what information you're legally required to include in an invoice.

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Cashflow: Managing your invoicing to get paid faster

Ensuring your customers and clients pay you promptly is important for maintaining cashflow. There are a few simple but important steps you can take when you are invoicing to make this process a little smoother.

Understanding cashflow

It’s not just profit that's important to your business, you need to make sure you have enough money coming in to pay any suppliers or salaries or your business will falter. This is your cashflow and you need to manage it carefully.

Cut your operating costs

As businesses are facing significant cost increases across energy, staffing, materials and distribution, many are looking at ways to cut operating costs to protect margins and stay solvent.