Cash Flow - FreshBooks Blog https://www.freshbooks.com/blog Information and inspiration on how to start a business, grow your business, tax tips, freelancing & more from FreshBooks! Sat, 13 Aug 2022 00:02:29 +0000 en-US hourly 1 https://wordpress.org/?v=6.0.1 Run a Development Shop? Level up With Cloud Accounting https://www.freshbooks.com/blog/it-web-cloud-accounting https://www.freshbooks.com/blog/it-web-cloud-accounting#respond Mon, 25 Jan 2021 14:00:42 +0000 https://www.freshbooks.com/blog/?p=57203 When it comes to accounting and productivity, IT professionals and web developers have a leg up on other small businesses. As a tech-savvy entrepreneur, you have skills that set you apart and you already know the advantages of cloud accounting. You’re not daunted by complex software. You know your way around a database. You’ve got […]

The post Run a Development Shop? Level up With Cloud Accounting appeared first on FreshBooks Blog - Resources & Advice for Small Business Owners.

]]> https://www.freshbooks.com/blog/it-web-cloud-accounting/feed 0 7 Strategies for Diversifying Your Income https://www.freshbooks.com/blog/diversifying-your-income https://www.freshbooks.com/blog/diversifying-your-income#respond Tue, 14 Apr 2020 22:32:42 +0000 https://www.freshbooks.com/blog/?p=62125 There’s no denying that the coronavirus is changing the way we work. As a result of COVID-19, small businesses are having to rethink the way they connect with their customers—and, in many cases, rethink the way they do business altogether. But the current climate does offer an opportunity to look at new and different ways […]

The post 7 Strategies for Diversifying Your Income appeared first on FreshBooks Blog - Resources & Advice for Small Business Owners.

]]> https://www.freshbooks.com/blog/diversifying-your-income/feed 0 What Is Cash Flow? Almost Everything You Need to Know https://www.freshbooks.com/blog/whats-cash-flow https://www.freshbooks.com/blog/whats-cash-flow#comments Thu, 09 Jan 2020 14:00:49 +0000 https://www.freshbooks.com/?p=7969 Have you ever found yourself at month-end scrambling to find cash to cover your expenses? Are your expenses constantly higher than your cash on hand? Do you struggle to define “cash flow”? If you answered yes to any of these questions, chances are, business cash flow isn’t one of your areas of expertise. You’re not […]

The post What Is Cash Flow? Almost Everything You Need to Know appeared first on FreshBooks Blog - Resources & Advice for Small Business Owners.

]]> https://www.freshbooks.com/blog/whats-cash-flow/feed 6 Roundup: Best Practices for Managing Cash Flow https://www.freshbooks.com/blog/roundup-managing-cash-flow https://www.freshbooks.com/blog/roundup-managing-cash-flow#respond Fri, 14 Dec 2018 14:00:27 +0000 https://www.freshbooks.com/blog/?p=60366 Gone are the days of the steady paycheck and its bi-weekly deposits into your bank account. Instead, it’s up to you to make the right decisions with payments as they come in. Easy to do when you’ve got a steady stream of invoices flowing out; not so much when you hit a slow patch. Meanwhile, […]

The post Roundup: Best Practices for Managing Cash Flow appeared first on FreshBooks Blog - Resources & Advice for Small Business Owners.

]]> https://www.freshbooks.com/blog/roundup-managing-cash-flow/feed 0 3 Easy Ways You Can Save Money for Your Small Business Today https://www.freshbooks.com/blog/save-money-small-business https://www.freshbooks.com/blog/save-money-small-business#respond Thu, 02 Aug 2018 13:00:07 +0000 https://www.freshbooks.com/blog/?p=58754 Don’t worry; this isn’t one of those posts that tells you to save money by cutting your morning latte. That rarely works, does it? After all, advice like “cut back on the lattes” relies on willpower to consciously say “No,” to something you enjoy. It also fails to consider: The added stress of having to […]

The post 3 Easy Ways You Can Save Money for Your Small Business Today appeared first on FreshBooks Blog - Resources & Advice for Small Business Owners.

]]> https://www.freshbooks.com/blog/save-money-small-business/feed 0 Fight Your Fear of the Collections Process https://www.freshbooks.com/blog/get-paid-collections-process https://www.freshbooks.com/blog/get-paid-collections-process#respond Wed, 04 Jul 2018 13:00:39 +0000 https://www.freshbooks.com/blog/?p=59782 Too often, an invoice due in 30 days would go delinquent to 45, 60 and even 90 days. The issue wasn’t the quality of the work performed or even the fact that the detail on the invoice was questionable; it was more a matter of XYZ company deciding it just wasn’t going to pay the […]

The post Fight Your Fear of the Collections Process appeared first on FreshBooks Blog - Resources & Advice for Small Business Owners.

]]> https://www.freshbooks.com/blog/get-paid-collections-process/feed 0 Multiple Revenue Streams: The Secret to a Resilient Business https://www.freshbooks.com/blog/revenue-streams-graph https://www.freshbooks.com/blog/revenue-streams-graph#respond Fri, 11 May 2018 13:12:57 +0000 https://www.freshbooks.com/blog/?p=59490 As a business owner, you may not know what the future holds, but you can certainly prepare for it by properly future-proofing your company. By setting up multiple revenue streams for your own business, you can stop stressing about income stability and devote more time to business development instead. To get started, read on to […]

The post Multiple Revenue Streams: The Secret to a Resilient Business appeared first on FreshBooks Blog - Resources & Advice for Small Business Owners.

]]> https://www.freshbooks.com/blog/revenue-streams-graph/feed 0 Get Money in Your Pocket Sooner: 8 Tips to Improve Cash Flow https://www.freshbooks.com/blog/8-tips-for-freelancers-to-get-paid-faster https://www.freshbooks.com/blog/8-tips-for-freelancers-to-get-paid-faster#comments Tue, 20 Mar 2018 13:00:34 +0000 https://www.freshbooks.com/?p=9717 To help you increase your cash flow, here are 8 tips that you can implement into your business immediately to help you get paid faster.   1. Manage Expectations With Clients From Day 1 Sometimes freelance designers are so excited to win new business that they rush through a new deal without a contract. Don’t […]

The post Get Money in Your Pocket Sooner: 8 Tips to Improve Cash Flow appeared first on FreshBooks Blog - Resources & Advice for Small Business Owners.

]]> https://www.freshbooks.com/blog/8-tips-for-freelancers-to-get-paid-faster/feed 7 Accounting for Small Business: How to Identify the Areas Slowing You Down https://www.freshbooks.com/blog/accounting-for-small-business https://www.freshbooks.com/blog/accounting-for-small-business#respond Thu, 15 Mar 2018 13:00:33 +0000 https://www.freshbooks.com/blog/?p=59052 At its most basic level, an accounting workflow is the movement of invoices, receipts and financial transactions through your business. In a small business, workflows usually grow organically over time without anyone giving much thought to strategy. But as your business grows, workflow inefficiencies can be costly. What’s worse, you may not even notice how […]

The post Accounting for Small Business: How to Identify the Areas Slowing You Down appeared first on FreshBooks Blog - Resources & Advice for Small Business Owners.

]]> https://www.freshbooks.com/blog/accounting-for-small-business/feed 0 Improve Cash Flow by Mastering Days Sales Outstanding https://www.freshbooks.com/blog/days-sales-outstanding https://www.freshbooks.com/blog/days-sales-outstanding#respond Tue, 13 Feb 2018 14:00:32 +0000 https://www.freshbooks.com/blog/?p=58634 You need cash to run your business, cover day-to-day costs, pay staff, and settle loans. Running and growing your business can be difficult when cash flows in slower than it flows out (negative cash flow). This occurs when your accounts receivable balance is too high. If you’re not careful to maintain a proper accounts receivable […]

The post Improve Cash Flow by Mastering Days Sales Outstanding appeared first on FreshBooks Blog - Resources & Advice for Small Business Owners.

]]> https://www.freshbooks.com/blog/days-sales-outstanding/feed 0