Leave site
Alert notice

Update to banking services: Bank Australia will discontinue cheque services and self-service phone banking from 28 March 2024. Read more

Close navigation
2023-12-22 2:05 pm

Increasing your business cash flow

Everyday tasks and other business strategies to help you improve cash flow.

A woman works behind a counter, serving coffee to a customer. The counter is filled with assorted items and plants while T-shirts hang from the roof

Business owners and operators know just how important managing cash flow is to success. There are always ways to improve your cash flow – whether you need short term relief or a long term plan.

Government resources

There's some excellent information to assist with increasing your cash flow – check https://business.vic.gov.au/business-information/finance/develop-good-financial-procedures/understand-basic-bookkeeping-principles.

What you could do

  • Follow up on overdue accounts
  • Reduce overheads
  • Find new ways to increase income
  • Consider an overdraft
  • Monitor stock levels

Some questions to consider

  • Do you have the best bank products for your financial needs?
  • Could professional financial advice help?
  • Do you need access to a lump sum or line of credit to meet your immediate needs?

Person looking at Bank Australia mobile app on mobile phone