Boosting your income is the key to keeping your cash flow positive. The higher your cash inflow‚ the easier it is to invest‚ settle your bills on time‚ and maintain vendor relationships.
But what if the money exiting your business seems to be more than what you're bringing in?
Enter advance payment. You can use it for new customers or those with late payment history. But remember to account for this revenue to the last euro. That way your accounting stays intact and your books balanced.
Let's dive deeper into what advance payment is‚ how you can account for it‚ and its pros and cons.
Boosting your income is the key to keeping your cash flow positive. The higher your cash inflow‚ the easier it is to invest‚ settle your bills on time‚ and maintain vendor relationships.
But what if the money exiting your business seems to be more than what you're bringing in?
Enter advance payment. You can use it for new customers or those with late payment history. But remember to account for this revenue to the last euro. That way your accounting stays intact and your books balanced.
Let's dive deeper into what advance payment is‚ how you can account for it‚ and its pros and cons.
Boosting your income is the key to keeping your cash flow positive. The higher your cash inflow‚ the easier it is to invest‚ settle your bills on time‚ and maintain vendor relationships.
But what if the money exiting your business seems to be more than what you're bringing in?
Enter advance payment. You can use it for new customers or those with late payment history. But remember to account for this revenue to the last euro. That way your accounting stays intact and your books balanced.
Let's dive deeper into what advance payment is‚ how you can account for it‚ and its pros and cons.
Boosting your income is the key to keeping your cash flow positive. The higher your cash inflow‚ the easier it is to invest‚ settle your bills on time‚ and maintain vendor relationships.
But what if the money exiting your business seems to be more than what you're bringing in?
Enter advance payment. You can use it for new customers or those with late payment history. But remember to account for this revenue to the last euro. That way your accounting stays intact and your books balanced.
Let's dive deeper into what advance payment is‚ how you can account for it‚ and its pros and cons.