19 Ways to Get Paid Quicker

Every business owner knows that turnover is vanity, profit is sanity, but cash flow is reality. If your customers are slow to pay, you may find yourself worrying about wages, bills, and your own income. The good news is that improving cash flow is not impossible.

Here are some proven strategies to help your business get paid faster:

1. Invoice promptly and clearly.
Send invoices as soon as work is completed. State your payment terms and follow up before the due date, not after.

2. Encourage upfront payments.
Ask for deposits or full payment in advance where possible. Consider standing orders or direct debits to automate regular payments.

3. Pick up the phone.
Instead of sending statements, call clients to remind them when payments are due. Frequent, polite contact gets results.

4. Offer incentives for early payment.
Reward customers who pay on time or in advance with discounts or added value.

5. Understand your clients’ payment cycles.
If you know when their cash flow peaks, you can time invoices to align with their ability to pay.

6. Improve your own systems.
Use online accounting software to monitor your real-time cash position. Track debtors, creditors, and cash flow weekly using a simple checklist.

7. Reduce spending and negotiate terms.
Renegotiate with suppliers, reduce costs, and improve productivity to make the most of your available cash.

Even small steps toward better cash flow can reduce stress, improve sleep, and give you more freedom in your business.

If you want to discuss how to strengthen your cash flow, contact Cornish Accounting Solutions. We specialise in helping growing businesses pay less tax, improve profits, and plan for the future.