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Cashflow: invoicing and payment terms

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1 min read

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

You may be able to improve your business' profitability and efficiency by cutting costs. Look at areas such as energy efficiency, procurement and finance facilities.