Cash Flow Management Can Make or Break a Business

Xero Introduces Billable Expenses and Invoice Reminders - Seite 2

• From now, small businesses can use Billable Expenses to recoup costs and protect profit margins by recording expenses in bills and other transactions that need to be on-charged to a customer.
• Over the next few weeks, Billable Expenses will continue to evolve, allowing bank account transactions to be tagged as Billable Expenses, while Xero's library of reports will be updated to allow for reporting of Billable Expenses.
• In the next few months, Xero will make Invoice Reminders widely available.

Why cash flow matters
Cash flow management separates a good small-business owner from a great one. While it may not be as a sexy as making a big sale or scoring a round of financing, business owners who effectively manage their cash flow gain a notable advantage in the market and stay in business longer.

Cash is a valuable resource. Ensuring that a business has enough to meet its needs, is vital to a company's survival. Many functions of a business rely heavily on cash to operate, including paying staff and buying supplies. Most businesses start with a small amount of cash and as revenues grow, funds are sufficient to cover bills. Problems may begin when entrepreneurs offer credit to customers, take on a loan, or hire an employee, and revenues don't cover the business' operating expenses.

Comments on the News:

• "Cash availability is key to any small business' success or failure. With the debtor day timeframe shrinking, businesses have more cash in the bank. If you have cash, you pay your bills, the lights stay on and you sleep better at night," said Angus Norton, chief product officer at Xero. "Better cash collection results in less debt and therefore less interest to pay. With better cash collection small business owners have more money to invest back in their business, buy equipment, improve processes or expand operations."
• "Before I started using Xero, I was just too busy to effectively manage cash flow and payroll and the wheels were coming off despite the fact that business was going well," said Ryan Pinke, owner, Video Conference Gear, which offers electronic, collaborative, digital signage and video conferencing solutions. "But with advice and counseling from our Xero-certified accounting partners at Catching Clouds, my cashflow has never been stronger and I can focus on my customers around the globe."

Supporting Assets:

• Hi-res screenshots for Billable Expenses
• Billable Expenses overview video
• Hi-res screenshots for Invoice Reminders
• Invoice Reminders overview video
• Video Conference Gear Case Study

About Xero
Xero is beautiful, easy-to-use online accounting software for small businesses and their advisors. The company has over 540,000 subscribers in more than 180 countries. Xero seamlessly integrates with over 400 third-party tools, and was ranked No.1 by Forbes as the World's Most Innovative Growth Company in 2014 and 2015.

For more information:
Clint Bagley
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