Need a Way to Manage Your Cash Flow Better? Try Staggering Your Invoices
August 18, 2006
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 it very easy to do with recurring invoices. You can simply edit the dates on your profiles, or create a new invoice with a few simple clicks. Need to know the difference between and invoice and a receipt?
about the author
FreshBooks as the VP of Operations, Levi managed projects at Apex Systems Integrators Inc., where his clients included Canadian Tire, Nestlé and Parmalat. Levi’s long term goals include: never losing the contest to wear shorts to the office for as long as humanly possible, some day growing back his mullet he had in the eighties and getting on the jumbotron at the Raptors game at least once a year.Levi is a professional engineer with a BEng from the University of Victoria. Before co-founding