1.Issue sales invoices as soon as goods/services provided 2.Offer incentives for speedy payment of debtors 3.Take full advantage of 30 days creditors period
4.Keep costs to a minimum – shop around to get best value for money, but beware, the cheapest quote may cost more in the long run! 5.Keep stock/WIP levels to a minimum while still being able to satisfy customers 6.Sell off old/slow moving stock – this can be taking up space that can be filled with more profitable stock 7.Ensure timely, accurate and relevant financial information is readily available – often how you think the company is doing and the reality are 2 very different matters! If you would like further information, please contact By Fiona O’Farrell ACA, of Anne Brady McQuillans DFK on 01 4786600 or email her on fofarrell@annebrady.ie