Cash Flow

Struggling with Cash Flow? Poor Bookkeeping Might Be the Real Problem

Bookkeeping, Cash Flow /

For many startups and small businesses in Australia, cash flow problems—not lack of customers—are the reason they struggle to survive. You might be selling well and staying busy, but if the money isn’t flowing in on time or your expenses aren’t tracked properly, your business can feel like it’s constantly under pressure. And more often than not, the root cause is incomplete or inconsistent bookkeeping. Common Red Flags of Bookkeeping Issues If you’ve experienced any of these, it’s time to take a closer look at your books: You don’t know exactly what’s coming in or going out each week Invoices are sent late—or forgotten altogether You’re unsure how much clients still owe you You don’t know what you owe in tax, GST, or superannuation You’re unclear about when WorkCover insurance is required or when wage reporting is due You constantly feel like cash is tight—even during busy months Good Bookkeeping = Healthy Cash Flow Bookkeeping isn’t just record-keeping—it’s the foundation of smart decision-making. When your books are up to date and managed well, you’ll: ✅ Get a real-time view of your business’s cash position✅ Know exactly who owes you—and how long it’s been overdue✅ Stay on top of tax, super, and compliance deadlines✅ Make confident decisions about spending, staffing, and investing How We Can Help At Phu & Co Financial, we specialise in bookkeeping services for startups and small businesses across Queensland. Whether you’re a sole trader, tradie, or running a growing team, we help you: Clean up messy accounts and get back on track Set up user-friendly systems like Xero or MYOB Stay compliant with ATO, WorkCover, and super requirements Understand your numbers—without the financial jargon Book Your Free Cash Flow Health Check Not sure where your business stands? Let’s start with a quick, free review of your books and cash flow. We’ll show you where things can improve and how to get ahead—no pressure, just practical advice. 📞 Contact us today to book a consultation and take control of your business finances.

Struggling with Cash Flow? Poor Bookkeeping Might Be the Real Problem Read More »

Unlocking the Flow: 6 Tips to Improve Your Cash Flow

Leave a Comment / Cash Flow /

Cash flow is the lifeblood of any business. Whether you’re a small start-up or a well-established enterprise, managing your cash flow effectively is essential for sustainable growth and success. To help you maintain a healthy financial pulse, we’ve compiled six tips to boost your cash flow. 1. Send out Invoices ASAP One of the simplest ways to enhance your cash flow is to send out invoices promptly. The longer you delay invoicing, the longer it takes to get paid. Implement efficient invoicing practices, set clear payment terms, and follow up on overdue payments to keep your cash flowing smoothly. 2. Lease Equipment Instead of Buying Consider leasing equipment instead of making substantial upfront purchases. Leasing spreads the cost over time, preserving your cash for day-to-day operations and emergencies. It also ensures you’re using the latest technology without the burden of ownership costs. 3. Send payment reminders regularly Sending periodic payment reminders to your customers is not only acceptable but also a good business practice. These reminders aren’t limited to just overdue payments, you can also gently nudge them when the payment deadline is approaching. You can leverage technology to set up automated reminders, which generally come across as less intrusive, and many customers find them helpful. 4. Offer more payment channels Opening more payment channels and catering buyer payment preferences can accelerate payments and enhance cash flow. If you use XERO accounting software, you have the option to enable online payment methods, including credit card, debit card and direct debit. 5. Request for Deposits If you get a large order on a product or a long-term contract to deliver a service, you can ask for a partial payment or deposit. Requiring a deposit upfront secures a portion of the payment early on, ensuring you get enough cash to run the business while reducing the risk of non-payment. 6. Improve your cashflow forecast and analysis Accurate sales and expense forecasting are essential for effectively managing cash flow fluctuations. By predicting both peak and slow periods, you can strategically align your expenses and investments, ensuring you have the required funds on hand to sustain your operations. The challenge many business owners are facing is getting on top of their cash flow and finding a more efficient way to obtain a real-time insight into their cash flow situation. This is where bookkeeping experts at Phu & Co Financial can help. Most thriving business excels in cash flow management, and it’s time you elevated your own. Explore our Bookkeeping Services to ensure you stay on top of your financial situation.

Unlocking the Flow: 6 Tips to Improve Your Cash Flow Read More »

Scroll to Top