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Payables: Protect Cash Without Burning Vendor Relationships
Tip 1: Schedule payments instead of paying randomly
Paying as invoices arrive drains cash unpredictably. A weekly or bi-weekly schedule gives structure so you always know what’s going out. Vendors appreciate consistency more than speed.
Tip 2: Communicate early if you need flexibility
Vendors get frustrated when they are surprised, not when they are informed. A quick message buys goodwill and protects the relationship. Most vendors can accommodate you if you’re proactive.
Tip 3: Track all upcoming bills weekly
Forecasting payables prevents cash crunches. When you know what’s coming, you can align outflows with incoming revenue. Control beats chaos every time.
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