How Small Business Owners Can Overcome Cash Flow Challenges in Today’s Economy – Roswell Daily Record

Spread the love

Please log in, or sign up for a new account and purchase a subscription to continue reading.
We have used your information to see if you have a subscription with us, but did not find one. Please use the button below to verify an existing account or to purchase a new subscription.
Your current subscription does not provide access to this content. Please use the button below to manage your account.
Please log in, or sign up for a new account and purchase a subscription to continue reading.
Please purchase a subscription to continue reading.
Your current subscription does not provide access to this content.
Sorry, no promotional deals were found matching that code.
Promotional Rates were found for your code.
Sorry, an error occurred.

do not remove

(StatePoint) If you’re an entrepreneur, you may be feeling the pinch. New data from Xero suggests increased cash flow pressure for small businesses in 2026.ping
The latest Xero Small Business Insights (XSBI) data shows while sales grew in the early months of the year, the rise was much smaller than the historical average, amounting to gains that could potentially be swallowed up by inflation and rising gas prices.
So how can your small business overcome cash flow challenges in today’s economy? Here are three practical steps you can take:
1. Getting a clearer view of your numbers: Cash flow challenges are harder to solve when financial information lives in too many places. The best accounting tools today can transform the way you work and give you total cash flow clarity so you don’t just survive, but thrive with the ability to set future goals. Tools like Xero go beyond traditional accounting to serve as a one-stop shop where you can automate everyday tasks, pay your vendors and employees, send invoices to get paid faster, and unlock real-time cash flow insights. Syncing these functions on one platform can help you take control of your business finances and create time for work that’s professionally and financially rewarding.
2. Making the most of your financial tools: At a time when small businesses are feeling mounting pressure, it’s especially important that the software you use to stay financially organized is approachable. That’s why Xero now offers Xero Coaches, onboarding specialists who work one-on-one with small businesses during their first 90 days on Xero to help them get set up and use the platform more effectively. Through scheduled sessions, you can get support with setting up your account and save time from the start. “Taking advantage of this training can help you complete everyday tasks with ease, and sets the stage for strong ongoing relationships with accountants and bookkeepers by enabling you to show up with cleaner data and clearer questions,” says Matan Bar, U.S. CEO, Xero.
3. Working with financial professionals: You may think that a DIY approach to money management is a good way to tighten expenditures. But think of the invaluable hours of labor you can redirect toward the revenue-generating aspects of running your business by seeking professional help. It is as critical to work with accountants as a financial advisor. They can help you not only with cash flow management to ensure you continue to grow, but also with other important tasks like tax planning, developing subscription models and setting up invoicing reminder schedules.
With smart strategies and a good handle on the best technological tools, your small business will be better prepared to overcome cash flow challenges, even in today’s economy.
Photo Credit: (c) Miljan Živković / iStock via Getty Images Plus
Best trending stories from the week.
Success! An email has been sent to with a link to confirm list signup.
Error! There was an error processing your request.
You may occasionally receive promotions exclusive discounted subscription offers from the Roswell Daily Record. Feel free to cancel any time via the unsubscribe link in the newsletter you received. You can also control your newsletter options via your user dashboard by signing in.
Your browser is out of date and potentially vulnerable to security risks.
We recommend switching to one of the following browsers:

source

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top