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Five Quick Tips to Maximize Cash Flow

Stacy LuftPresident/CEOCF Grow, Inc.

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Manage Accounts Receivables With Proper Systems

• Invoice Customers on a timely basis

• Be clear on your payment terms• Have a system in place for

collecting payments

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Manage Your Accounts Payables

• Enter invoices before they are paid so that you can schedule your payments

• Set up automatic posting for recurring expenses • Prioritize your payments always covering your

payroll and critical vendors• Have an approved vendor list and purchase approval

limits for your employees

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Budget Your Expenditures and Plan Your Projects

• Don’t try to complete all your projects at once. Plan out which projects are most important to drive revenues or save significant expenses.

• When working with project consultants or vendors negotiate for progress payments.

• Most money lost in projects happens when the company’s needs and goals are not clear.

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Utilize Credit Wisely

• Request credit lines from your Vendors and pay invoices in 30 or 45 days

• Do not pay bills early unless you are able to receive a discount from your vendor

• Open a line of credit with your bank to smooth out cash flow during the month

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Manage Your Company’s Resources Closely Without

Micromanaging

• Know your sales cycle and schedule your orders

• Plan ahead for inventory needs and only buy what you need to fill orders. Utilize “Just-in-Time”

• Schedule your orders to keep payroll costs down. Avoid overtime by keeping a solid work schedule. Avoid the “month-end push”

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Stacy LuftPresident/CEOCF Grow, Inc.

Questions?

80 Orville Drive, Suite 100Bohemia, NY 11716

Phone (631) 894-4234info@cfgrow.com

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