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4 Essential Tips to Improve Cash Flow for Small Businesses

1. Embrace eInvoicing

Switching to eInvoicing can significantly reduce the time between sending an invoice and getting paid. It’s faster, reduces errors, and simplifies the payment process for your clients.

2. Setup Direct Debits

Take control of your payments with direct debits, ensuring you get paid on time, every time. There are a number of options out there, but the quickest and easiest to get started with is Go Cardless.

Sign up to GoCardless using this link and you'll get $200 once you've collected your first $1000.

3. Offer Online Payments

Make it as easy as possible for clients to pay you by offering online payment options directly through your invoices. Stripe connects directly to Xero, and you can oncharge fees to your clients. 

4. Implement Automatic Reminders

Stop chasing payments manually. Automated reminders can nudge your clients to pay without you lifting a finger. 



 

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