Cash flow is the lifeblood of your business—and effective bookkeeping ensures it keeps flowing smoothly. Here’s how to stay on top of it:

1. Track Invoices Religiously
   Use tools like QuickBooks or FreshBooks to send invoices promptly, set due date reminders, and flag overdue payments.
2. Monitor Accounts Payable
   Schedule bill payments in advance to avoid late fees and maintain good vendor relationships. Prioritize high-interest debts first.
3. Forecast Future Cash Flow
   Analyze historical data to predict busy and slow seasons. Adjust budgets for inventory, staffing, or marketing accordingly.
4. Maintain a Cash Reserve
   Aim to save 10–15% of monthly revenue as a buffer for emergencies or unexpected expenses.
5. Automate, Automate, Automate
   Link bank accounts to accounting software for real-time updates. Automate recurring invoices, payroll, and expense tracking.

Key Takeaway: Consistent bookkeeping habits turn cash flow management from stressful to strategic. Need help setting up systems? Schedule a free session with Missouri Bookkeeping today.