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