Talking Cents

Effective cash management strategies, by your small business accountants in Melbourne

Are you looking for new ways to manage the cash in your business? Well you came to the right place because our small business accountant in Melbourne has come up with a few strategies for you to try and implement into your business.

Here are a few cash management strategies by your business accountant in Melbourne to ensure the lifeline of your business is always improving:

• Use BPAY when attempting to pay for bills and set up a reoccurring payment system to ensure that you are never late
• Be sure to request for more favourable terms from your vendors as they will provide discounts
• Increase your margins and start charging slightly more for some of the services or products that you provide
• Lease or sell equipment that you are not using
• Talk to your small business accountants in Southbank about selling off your invoices

We hope that you can capitalise on improving your cash management strategies. As always, feel free to contact our small business accountants in Melbourne with any enquiries that you may have.