HOW TO INCREASE YOUR CASH FLOW

Their daily objective is to get all checks and payments processed and cleared as immediately as possible in the company's bank account. All checks should be taken care of promptly. The challenge is to make employees realize the difference between big or important checks requiring special attention and those that are routine receipts.

Rather than keeping a check received after 3pm until the following morning, it may be strategic for your cash flow to have an employee attend to those checks and have them deposited that same afternoon.

Likewise, if you can assign the mroning shift to bring checks as early as the bank opens may save you a day in the float.

Become aware of your bank's check clearing policies and procedures. Work around those schedules. For distant customers bypass the postal system by asking the customer to make a direct deposit.

Improving Your cashflow can be a self improvement especially for SMEs (small businesses). If You see the cash in Your cashbox or in Your bankaccount it makes Your free for new ideas, for Your daily work, for learning new skills, whatever. Improve Your cash will motivate Yourself! Small, but great tip.