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Review Your Receivables Today
Cash promised tomorrow doesn’t help you today. If you want to strengthen year-end cash flow, start by looking at your Accounts Receivable aging report. Highlight every customer that’s 30+ days late, and create a follow-up plan this week. A friendly reminder, a statement of account, or a quick phone call can often push payment over the line. PROACTIVE PROACTIVE PROACTIVE!
Even small improvements matter. If you can collect just 10% of your overdue receivables before year-end, that may cover payroll, rent, or supplier payments without needing to dip into credit lines. Don’t let customers treat you like their bank.
In Q4, every day counts, and improving collections is the fastest way to inject cash into your business. Tomorrow, we’ll look at the other side which is how to manage payables strategically so you don’t run short.
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