Prepare your business records

To improve your business cash flow you must first examine your business records to figure out what is working well and what can be improved. 

You can use your financial statements such as your profit and loss statement to explore your business cash flow and identify areas that can be improved. 

You can also use the business performance check tool in the ATO App to identify how your business is performing against other similar businesses in your industry.

The information and data from these sources will provide you with guidance and insight into the areas your business may need to grow or improve.

It’s highly recommended that you speak with your accountant or professional adviser to go through this process. Their expertise is invaluable.