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Income can fluctuate dramatically – as can expenses. It’s really important to stay on top of both.
Because at times you could be paying third-party vendors on behalf of clients, bad cash flow can stall projects and cause embarrassment.
Try to use cash flow dashboards to track money in and money out.
They’ll tell you how much money you have to spend today.
If plugged into your invoicing and expense system, they’ll also predict cash flow for tomorrow.
When using these dashboards well, you can see if there’s a crunch coming up, and plan accordingly. They’re a lot faster and more effective than spreadsheets.