Bringing Your Cashflow Processes into the Digital Age
Running a business isn’t easy—especially when times are tough. With rising costs, global uncertainty, and customers spending less, many business owners are feeling the pressure.
One of the best ways to keep your business steady is by getting a clear view of your cashflow—and that’s where moving to a more modern setup can really help.
You don’t need to be tech-savvy or overhaul everything at once. A few simple changes (with a bit of help from us) can make a big difference.
Why cashflow is key
Cashflow is all about the money coming in and going out of your business. Even if things look fine on paper, if you don’t have the cash in your account when you need it, you can quickly run into trouble.
During slow or uncertain periods, you might find:
Your income drops
Bills and wages are harder to cover
Payments to suppliers fall behind
You’re left wondering if the business can keep running
That’s why understanding—and improving—your cashflow is one of the most important things you can do right now.
What can you do to improve your cashflow situation?
The better informed you are, the more prepared you can be. If you can see a shortfall coming, you have time to take action—and that’s often what helps businesses ride out tough times.
Here are a few practical steps that can help:
Switch to cloud accounting
If you’re still relying on spreadsheets, desktop software, or paper records, now might be the time to consider cloud accounting. It’s not about being fancy—it’s about making things easier.
Cloud software (like Xero) gives you a simple way to:
See your cash position in real time
Track income and expenses as they happen
Access your numbers from anywhere—even at home
We can help you get set up in a way that suits you, and keep things simple.
Integrate with cashflow forecasting apps
If you’re already using cloud accounting, you can go one step further by adding forecasting tools. These apps connect with your accounts and show you what your cashflow might look like in the weeks or months ahead.
They’re designed to give you early warnings, so you can plan ahead instead of reacting last minute. And yes—we can help you choose the right one and show you how it works.
Plan ahead for the cashflow gaps
If your forecast shows a dip in cash coming up, that’s your chance to act early. Some options might include:
Talking to your bank about extending your overdraft
Looking into a small business loan
Using invoice finance to unlock cash tied up in unpaid invoices
These solutions can help you stay on track while your income catches up.
Look for opportunities to cut your overheads
Cutting costs doesn’t have to mean big sacrifices. Sometimes a quick review of your expenses reveals areas where you can save. A few ideas:
Negotiate with suppliers
Buy in smaller quantities
Cancel services or subscriptions you no longer need
Every bit saved helps keep your cashflow balanced.
Update your prices and your sales strategy
Raising prices might feel risky, but it can be one of the most effective ways to improve your cashflow. If your costs have gone up, your prices may need to follow.
It’s about finding the right balance—bringing in more cash without scaring off customers. We’re happy to help you run the numbers and work out what makes sense.
Review your cashflow reports regularly
Don’t wait until the end of the month to look at your finances. Checking in weekly or fortnightly helps you spot problems early and make confident decisions.
Even if you prefer a printed report, we can work with that. The key is to stay in the habit of checking your numbers—and understanding what they mean for your business.
Let’s bring your cashflow processes into the digital age—together
We know some of our clients prefer doing things the way they’ve always done them—and that’s okay. But if you’re open to a few small changes, we’ll guide you every step of the way. We promise to keep things simple and practical.
Let’s talk through your current process and how we can help you take the next step—at your pace.