COPIED
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Take control of your cash flow

MANAGE YOUR SALON WITH XERO THESE ARE THE TOP FOUR FEATURES THAT WILL
HELP YOU TRACK AND MANAGE YOUR CASH FLOW

• Connect your business bank accounts and update transactions regularly so they’ll all be recorded in Xero

• Account for business expenses paid for
personally and personal expenses paid for from
business accounts

• Add planned payment dates to bills and expected payment dates to invoices so you know when money is likely to move in and out of your accounts

• Record your bill payments and mark your customers’ invoices as paid

Running a small business today is more challenging than ever. Margins are being squeezed as the price of just about everything – rent, rates, wages, supplies – have gone through the roof. The impact? Well, it means that across the UK, small business owners are often unable to pay themselves due to cash flow issues…

And the effects can also trickle down to their personal lives. Eight out of 10 small business owners are affected by stress and anxiety, while almost two-thirds have trouble sleeping.* Sounds familiar?

Let small business platform Xero help you win
back control of your cash flow. Are you maximising
savvy digital tools to help with the cash flow management process? From software to track
payments to forecasting tools to help predict and plan for future financial shortfalls, you could have what you need at your fingertips, helping you keep an eye on those vital numbers and giving you control in an always changing economy.

“There are digital tools available to small businesses that can be better leveraged to understand forecasts and offer real-time insights on what is coming in and out of the business. Tapping into these tools can really help ease some of the cash flow pressures on your business,” reassures Kate Hayward, UK country manager for Xero.

Xero’s cash flow hub has free resources to help you better understand and manage your cash flow, including how to get your invoices paid faster, keep
track of bills and stay on top of cash flow with forecasting tools. Live dashboards make it easier to see if you can invest and grow your business, too.

There’s even wellbeing help, with free resources on Xero’s ‘Brains Behind the Business’ hub – because a healthy business starts with you.

A stressed salon owner means a business under pressure…

We know how hard it is running a business right now, but help is at hand. Let Xero support your cash flow management and be there to ensure you feel prepped and empowered, whatever the working day brings.

This article appears in June 2024

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This article appears in...
June 2024
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