All small business owners know how vital cash flow is to their survival — and how managing their accounts receivables (AR) and accounts payables (AP) is the key to maintaining a healthy cash flow. In uncertain times like these, it can be harder to make sure AR and AP are in good shape.
Below are 11 ways to better manage accounts payables and accounts receivables.
How to Manage Accounts Payables
Obviously, your overall goal should be to have more receivables than payables, so it’s essential to keep your eye on how much you’re spending.