We all know what a great and fun tool Xero is to use to manage the financials of your business.
Well, data now conclusively shows cash flow benefits derived from using Xero cloud accounting solutions. Analysis shows that on average Xero users have reduced the average time for invoices being paid by a whopping 15 days !
By following some simple rules, you can improve this significantly:
- invoice immediately
- use online invoicing
- use the aged receivables report to chase late invoices
- invite an advisor to clear up bottlenecks
- use an 'add on' like Debtor Daddy to help
These are just some of the ways.....
The key message is "it's not hard", so what are you waiting for !