Call customers before payments fall due
Make a friendly customer service call a few days before the due date to confirm everything is on track, not just to “chase money”.
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Tips about Cash
A practical collection of ideas to strengthen your organisation’s cash position. Download the full whitepaper and rate your organisation against each tip.
The download includes 100+ practical tips and a checklist so you can self-rate your organisation against each one.
Why focus on cash?
Profit looks good on paper, but cash in the bank keeps your organisation safe, flexible, and able to seize opportunities. These tips are designed for business owners, CEOs and CFOs who want clearer visibility of their cash position and better habits across the organisation.
During 2025, MyCash will spotlight a series of cash tips you can share with your team. Use them to start conversations, improve your cash processes and challenge how you currently do things.
Sample cash tips
Here are a few examples from the full list. Which of these are already true in your organisation, and which need attention?
Forecast cash, not just profit
Use simple cash flow forecasting so you can see upcoming shortfalls or surpluses and plan actions in advance.
Invoice as soon as work is done
Send invoices promptly after delivering goods or services so cash starts moving sooner.
Set a realistic budget
Treat your organisation like a business, not a hobby: agree a budget and use it to guide spending and decisions.
Follow up late payments quickly
Every day overdue invoices remain unpaid adds stress elsewhere in the organisation – have a consistent follow-up routine.
Reward early payment
Offer small discounts or perks for early payment to encourage customers to pay sooner.
Negotiate supplier terms
Where appropriate, extend payment terms with key suppliers so cash stays in your bank account longer.
Use cloud accounting tools
Cloud-based accounting gives you near real-time numbers, making it easier to manage cash day-to-day.
Review expenses regularly
Schedule regular reviews to trim costs that no longer add value and free up cash for better uses.
Avoid excess inventory
Use just-in-time or lean inventory practices so less cash is tied up in slow-moving stock.
Want to understand more?
Want help interpreting the tips for your situation? Book a free chat and we’ll walk through your current cash processes with you.
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