Should You Automate Your Invoicing? Part 1
January 8, 2020 by OSYB Staff

Before you consider automating your invoices, here’s a quick summary shared by Intuit QuickBooks of what you should know before considering this next step:
- understand your cash flow cycle
- analyze your cash flow usage
- discern how liquid you are
- know your liabilities
Once you understand how your business liquidity works, here are a couple things to look into where you might find ways to streamline:
- analyze your inventory management – are you stocking too much inventory or too soon?
- study your accounts receivable management – are you asking for deposits and do you have process to collect invoices?
Once you have a stronghold on the information requested above and other data documented, you may want to check out if automated invoicing is a viable option for you.
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For full article: Automated invoicing may be the solution for getting paid
Image Credit: Deposit Photos
Category: Small Business