The first cause of poor cashflow – Your cash lockup

The first cause of poor cashflow – Your cash lockup

There’s a massive difference between profit and cashflow. Profit increases when you create an invoice for work you’ve done or goods you’ve sold; cash increases when you bank the money. Your lockup equals the cash that isn’t in your bank account because it’s either in...
Requesting payment of overdue accounts in a crisis

Requesting payment of overdue accounts in a crisis

Cash has always been king, but it’s more important to your business now than ever. Follow our strategies to ensure you continue getting paid in these uncertain times: 1. Continue to enforce your Terms of Trade, however, your approach must change. Don’t adjust...