When A Payment Is Due Can Make A Difference To Your Cash Flow

I think you do the right thing. The other businessmen can experiment your tips and follow in paying the dues. It may make a positive impact to their cash flow. They will also feel free of the burden of different types of dues.

Hi Jim, I am really excited everytime I see a new post up on your cash flow blog. You have some great advice for almost all of the small businesses that read our FreshBooks blog. Staggering receivables throughout the month is a very simple idea, but probably one that many business owners don't consider. Thanks, and keep the posts coming. - Levi ps. I have added a number of trackbacks on my posts, but they don't seem to be tracking back to yours.

Maybe it's the old landlord in me, but I like billing everything on the first of the month. "Anniversary billing", or billing customers on the same date each month based on when they started, is too complicated for me, although there are software packages that will easliy handle it. Keeping the billing cycles for all customers in sync allows batching of late noticies, terminations, etc. Steve ...

Hi Steve! Thanks for the comment. I don't disagree with anything you said. I think there are variables in business and markets that can make billing everyone on the same day for all customers or staggering invoices make sense. You touched on a key point - automation. The more you can automate the better.