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Try Staggering

The posts from Jim Logan on his Cash Flow Blog have not been particularly frequent, but when he does post, he is right on the money (no pun intended). Today he has some interesting advice to level out your cash flow, try sending out invoices at different times in the month:

Something I like to do is stagger my receivables, with some invoices payable in the first two weeks of the month. This levels the flow of money into my business, making it easier to budget and pay personal and professional invoices of my own.

When you have a million and one other things to think about with your small business, staggering your receivables is probably nowhere near the top of the list. Luckily FreshBooks makes that very easy to do when you have recurring profiles or invoice items already created. You can simply edit the dates on your profiles, or create a new invoice with a few simple clicks.

You can read more about Jim’s blog from the posts: Streamline Your Collections, and Time to Pay Trumps All.



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