To improve your cash flow:
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Sell for cash or credit card rather than on terms, if your industry practices permit.
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If you do sell on terms, establish good credit policies
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Bill promptly and before customer checkwriting cut-off.
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Age accounts receivable monthly.
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Follow well defined collection methods.
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Add late charges and fees when possible.
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Tighten customer credit requirements.
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Pay bills only on due date, unless there is a discount for early payment.
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Spread payments to your suppliers out over the month, if possible.
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Monitor your inventory to minimize the amount you keep on hand (but make also make certain you have what you need at all times).
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Clear slow moving items out at cost.
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Lease instead of purchase equipment.
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Pay the minimum amount of estimated taxes.
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Make bank deposits promptly.
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Put excess cash balances into interest bearing accounts whenever feasible.
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Time your equipment, supplies, and inventory purchases carefully.
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Use tax losses or credits.
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Consider prudent borrowing.
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Increase sales.
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Increase prices.
