The Female Founder Collective’s Post

Cash flow is 👑 . Whatever size of business, seasonal or not, it's imperative to start with taking control of your forecasting and management. Download our guide, published with The Female Founder Collective.

New guide out ➡ ➡ Mastering Cash Flow Management: A Comprehensive Guide for Small Businesses. ⬅ ⬅ Key for growing brands, mastering cash flow can be the difference between scaling up or stalling out. 📈 This guide is packed with insights designed for founders, helping them navigate cash flow challenges and make smarter financial decisions. If you're looking to take control of your cash flow and fuel your business growth, this is a great place to start. 🚀 If you already know you need to do it but have no idea where to start, let us show you how easy Settle can make it for you. 💅 https://lnkd.in/g_GUEpMw

Payment processing costs have been in the news recently, leading CFOs and Finance Executives to question Payment Managers about whether their businesses are overpaying for payments. 🤔 Does this sound familiar? You're not alone. Over recent weeks, we've spoken with numerous payment leaders about how we can help them reduce their payment fees 📉. Our latest blog post from Aladin Taleb outlines seven actionable steps to help your business cut down on payment costs 💥 🔗 https://lnkd.in/e-gUar2n ❗However, remember that reducing payment costs is just one side of the coin. Payments are more than a cost center—they're a strategic asset. The revenue gains from optimizing your payment processing often surpass the savings from cost reductions 📈. We've shared a comprehensive guide in the comments for a deeper dive 👇. Take a look and discover how you can turn payment processing into a revenue driver for your business.

📣 Are you paying attention to your business' cashflow? While profitability is crucial, overlooking cashflow can jeopardise a company's viability. Delayed billing and increased stock without sufficient cashflow can lead to challenges in paying suppliers and employees, especially for expanding companies. Cashflow projections help anticipate and prepare for shortages by maintaining reserves, reducing costs, and improving relationships. They offer insights into business dynamics, customer attention, and supplier payments. Focus on your cashflow with our handy checklist. ✅ https://lnkd.in/ev2JXZMN #CashflowManagement #BusinessFinance #FinancialPlanning #CashflowProjections

📊 Mastering the Cash-to-Cash Cycle 🚀 Understanding the Cash-to-Cash Cycle is crucial for optimizing business operations and enhancing financial health. This insightful article by Edouard Thieuleux dives deep into calculating and improving this essential metric. 📈 By effectively managing inventory, receivables, and payables, businesses can achieve a shorter cycle, indicating greater efficiency and liquidity. 🌟 An optimized cash conversion cycle can significantly impact business performance, making more resources available for growth. 🔍 Read on to become an expert in managing your cash flow! #businessefficiency #cashflowmanagement #supplychain #financialhealth #businessgrowth 📖 Full read here : https://lnkd.in/dP3eEXd9.

Unlock Your Business's Cash Flow Potential Maintaining a healthy cash flow is critical for the success and growth of any business. However, many companies struggle to manage their cash flow effectively, leading to financial challenges and missed opportunities. Unpredictable cash flow can cause significant headaches for businesses, from delayed supplier payments to an inability to invest in new projects. Poor cash flow management often stems from late customer payments, overspending, or financial visibility. As experienced financial experts, we know the key strategies to help businesses optimize their cash flow and unlock their full potential. Here are our top 3 tips: **Streamline Invoicing and Collections:** Implement efficient invoicing processes and promptly follow up on late payments to ensure a steady stream of incoming cash. **Negotiate Better Terms:** Work with suppliers to negotiate more favourable payment terms, such as extended net days or early payment discounts. **Automate Payments:** Set up automated payments for recurring expenses like rent, utilities, and subscriptions to avoid late fees and improve predictability. By implementing these strategies, you can take control of your cash flow and position your business for long-term success and growth. Don't let cash flow challenges hold your business back. Please contact our financial experts today to learn how we can help you optimize your cash management and unlock your full potential. #CashFlow #FinancialManagement #BusinessGrowth #InvoiceManagement #PaymentTerms #ForecastingTools #AccountingExperts #UKBusiness #FinancialVisibility #FinancialSolutions

❓ Where does the money go ❓ With ever increasing supplier prices, managing your businesses cash and understanding the flow are now vital tools in maintaining resilience and being able to adopt flexible strategies for success. Fund flows are a reflection of all the cash that is flowing in and out of a business. Owners can look at the direction of the cash flows for insights about the health of specific products or services and overall market patterns. Some types of business are more likely to run into cash flow problems, while other types appear to be more resilient. If you are a business owner, you might be wondering which category your business falls into. No matter how inventive or simple your business model is, you can still have problems with cash flow. Here are our thoughts on managing the flow of cash in your business: The first stage of understanding and predicting how funds flow is to perform a health check on your accounts. Look at your latest profit and loss statement and check that your income is sufficient to cover your expenses. If your profit is falling behind your expenses and cash flow is slowing down, you might need to take action. Prepare a funds flow statement so you know where the money goes. Next, create a yearly budget and look where cash could become tight and months where you can save to cover off the quieter times. Look at those quieter months and think about flexible work scheduling, new products or services, or other activities to tide you over. Finally, make sure you collect your money from those who owe you quickly. Consider rewarding customer loyalty by offering early bird discounts; set credit limits and payment terms to ensure customers follow the rules. If you take on new customers, make credit checks. Penalise late payers and request up front deposits or payment. Talk to us about preparing a funds flow statement and annual budget so that you can work on your business for maximum success!  #cashflowmanagement #forecasting #smallbusinesssupport

Improving cash flow is crucial for the financial health of small and medium-sized businesses. Here are a few things we think you should be keeping on top of to make sure your cash flow is healthy working for your business. ~ Implement Robust Invoicing Practices: Send invoices promptly and consistently. Clearly outline payment terms, including due dates and any applicable late fees. ~ Effective Credit Management: keep on top of your credit. dont let it build up, and have a plan in place to ensure you are minimising late payments and the impact they may have on your business ~ Negotiate Supplier Terms: Negotiate extended payment terms with suppliers to align with the business's cash conversion cycle. Explore early payment discounts to improve relationships with suppliers and potentially save on costs. Regularly assess supplier agreements to ensure they remain favorable for your business. ~ Monitor and Control Expenses: Regularly review and analyze operating expenses to identify areas for cost- saving. Consider renegotiating contracts with vendors to secure better terms. Prioritize essential expenses and defer non-urgent expenditures during periods of cash flow strain. ~ Be aware of any seasonal changes to your cash flow. Think about the benefits of seasonal staff, Make sure you are putting aside cash during busy periods to tide you over if you know that you have quieter times ahead. Keeping on top of your cash flow, will help ensure a healthier financial position and greater stability in the long run. Keep in mind that the specific strategies may vary based on the industry, business model, and unique circumstances of each business. Get in touch for individual advice and make sure you hit the new financial year with a healthy and robust cash flow plan in place. #cashflow #accountant #businessadvice

Dive into my treasure chest of 20 ways to maximize your cash flow and celebrate the joy of numbers 🎉💼 1. Invoice Promptly → Speed up payment process by invoicing instantly. 2. Offer Discounts → Encourage early payments with small discounts. 3. Chase Late Payments → Promptly follow up overdue invoices. 4. Review Supplier Payments → Negotiate better terms with suppliers. 5. Streamline Processes → Automate repetitive tasks and save time. 6. Check Creditworthiness → Always review a customer's credit history. 7. Diversify Revenue Streams → Don't depend on a single income source. 8. Regular Budget Reviews → Always keep tabs on your budget. 9. Prioritize Cash Flow → Profitability comes second to cash flow. 10. Maintain Cash Reserves → Always have a safety net in place. 11. Invest Surplus Wisely → Put extra cash to work for you. 12. Efficient Inventory Management → Don't tie up cash in excess stock. 13. Minimize Expenses → Regularly review and cut unnecessary costs. 14. Use Technology → Implement cash flow management software. 15. Regular Forecasting → Predict future cash flow accurately. 16. Utilize Short-term Financing → Bridge cash gaps with short-term loans. 17. Improve Pricing Strategy → Ensure your pricing reflects value and costs. 18. Manage Growth Wisely → Avoid over-expansion, grow sustainably. 19. Build Strong Relationships → With customers, vendors, and financial institutions. 20. Consult Experts → Seek professional advice when needed. Which of these tips have you used to light up your financial journey? 💡💰 #CashFlowManagement #FinancialPlanning #BusinessGrowth

Another effective strategy to 𝐢𝐦𝐩𝐫𝐨𝐯𝐞 𝐜𝐚𝐬𝐡 𝐦𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐟𝐨𝐫 𝐲𝐨𝐮𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 is to carefully 𝑪𝑶𝑵𝑻𝑹𝑶𝑳 𝑨𝑵𝑫 𝑺𝑳𝑶𝑾 𝑫𝑶𝑾𝑵 𝑫𝑰𝑺𝑩𝑼𝑹𝑺𝑬𝑴𝑬𝑵𝑻𝑺. By identifying areas where 𝒄𝒐𝒔𝒕𝒔 𝒄𝒂𝒏 𝒃𝒆 𝒓𝒆𝒅𝒖𝒄𝒆𝒅 𝒘𝒊𝒕𝒉𝒐𝒖𝒕 𝒄𝒐𝒎𝒑𝒓𝒐𝒎𝒊𝒔𝒊𝒏𝒈 𝒒𝒖𝒂𝒍𝒊𝒕𝒚 𝒐𝒓 𝒆𝒇𝒇𝒊𝒄𝒊𝒆𝒏𝒄𝒚, you can optimize your spending and increase your overall financial stability. For example, you could negotiate better terms with suppliers, implement cost-saving measures in your operations, or streamline your payment processes to avoid unnecessary expenses. This approach not only helps you maintain a healthy cash flow but also allows you to allocate resources more effectively, ultimately leading to long-term success and growth. 𝑁𝑒𝑒𝑑 ℎ𝑒𝑙𝑝?💬 𝑀𝑒𝑠𝑠𝑎𝑔𝑒 𝑚𝑒 ℎ𝑒𝑟𝑒 𝑜𝑛 𝐿𝑖𝑛𝑘𝑒𝑑𝑖𝑛. 𝑜𝑟 𝑒𝑚𝑎𝑖𝑙 𝑚𝑒 𝑎𝑡 𝑚𝑎𝑟𝑖𝑣𝑒𝑙𝑑𝑖𝑣𝑖𝑛𝑜206@𝑔𝑚𝑎𝑖𝑙.𝑐𝑜𝑚 𝑊ℎ𝑎𝑡𝑠𝐴𝑝𝑝 𝑁𝑜.: +63 945 513 6078 I would be happy to assist you 👩💻 #CashManagement #CostReduction #xerobookkeeper #xeroaccountant #ecommerce #amazonbookkeeper #shopifybookkeeper #onlinebookkeeper #cashflowmanagement #financialmanagement