{"id":8727,"date":"2022-11-09T09:00:00","date_gmt":"2022-11-09T14:00:00","guid":{"rendered":"https:\/\/www.sage.com\/en-gb\/blog\/?p=12994"},"modified":"2026-07-09T10:34:20","modified_gmt":"2026-07-09T14:34:20","slug":"manage-cash-flow-recession","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-ca\/blog\/manage-cash-flow-recession\/","title":{"rendered":"How to manage your cash flow during a recession"},"content":{"rendered":"<header class=\"entry-header has-dark-background-color entry-header--has-illustration entry-header--has-illustration--generic\">\n\t<div class=\"container\">\n\t\t<div class=\"entry-header__row row align-center\">\n\t\t\t<div class=\"col col-lg-7 col-xlg-6 entry-header__content\">\n\t\t\t\t\t\t\t<div class=\"component component-single-header\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"entry-header__misc text--subtitle text--uppercase text--small\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-ca\/blog\/category\/money-matters\/\" class=\"entry-header__link\">Money Matters<\/a>\t\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t<div class=\"entry-title-wrapper\">\n\t\t\t\t\t<h1 class=\"entry-title\">\n\t\t\t\t\t\tHow to manage your cash flow during a recession\t\t\t\t\t<\/h1>\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t<p class=\"entry-header__description\">\n\t\t\t\t\t\t\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t\t<div class=\"single-post-details container\">\n\t\t<div class=\"col\">\n\t\t\t<span class=\"posted-on \">Published <time class=\"entry-date published\" datetime=\"2022-11-09T09:00:00-05:00\">November 9, 2022<\/time><\/span><span class=\"reading-time\"> min read<\/span>\n\t\t<button\n\t\t\ttype=\"button\"\n\t\t\tclass=\"social-share-button button button--icon button--secondary js-social-share-button\"\n\t\t\tdata-share-title=\"How to manage your cash flow during a recession\"\n\t\t\tdata-share-url=\"https:\/\/www.sage.com\/en-ca\/blog\/manage-cash-flow-recession\/\"\n\t\t\tdata-share-text=\"Please read this interesting article\"\n\t\t>\n\t\t\t<span class=\"social-share-button__share-label\">Share<\/span>\n\t\t\t<span class=\"social-share-button__copy-label\" hidden>Copy Link<\/span>\n\t\t\t<span class=\"social-share-button__copy-tooltip\" aria-hidden=\"true\" hidden>Copied<\/span>\n\t\t<\/button>\n\n\t\t\t\t<\/div>\n\t<\/div>\n\t<\/header>\n\n\n<div class=\"wp-block-post-author has-dark-background-color alignfull\">\n\t<div class=\"container\">\n\t\t<div class=\"col\">\n\t\t\t\t\t\t\t<div class=\"co-authors\">\n\t\t\t\t\t\n\t\t<div class=\"entry-author-wrapper\">\n\t\t\t<a class=\"entry-author\" href=\"https:\/\/www.sage.com\/en-ca\/blog\/author\/simonbrooke\/\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"40\" height=\"40\" src=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2025\/01\/Simon-Brooke-350x350.jpg\" class=\"entry-author__image\" alt=\"A headshot of a blonde-haired white middle-aged man\" srcset=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2025\/01\/Simon-Brooke-350x350.jpg 350w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2025\/01\/Simon-Brooke.jpg 600w\" sizes=\"auto, (max-width: 40px) 100vw, 40px\" \/>\t\t\t\t<span class=\"entry-author__name\">Simon Brooke<\/span>\n\t\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Managing cash flow poorly can result in small businesses struggling, especially during times of recession. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Maintaining a healthy cash flow is always essential for your business but it might require extra attention in this difficult economic landscape.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In this article, we talk about how a recession can affect your company cash flow, setting payment terms, increasing the chances of faster payment, who you can turn to for support, and offer plenty more tips.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here\u2019s what we cover:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"#recession\">Recession concerns<\/a><\/li><li><a href=\"#how\">How a recession can affect your business<\/a><\/li><li><a href=\"#ways\">6 ways to manage your cash flow<\/a><\/li><li><a href=\"#final\">Final thoughts<\/a><\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><div class=\"single-cta\">\n\t<a\n\t\tclass=\"button button--primary gate-e76a98af-89d9-4b18-aae0-ac49e01c2875\"\n\t\trole=\"button\"\n\t\tdata-button-location=\"content_area\"\n\t\thref=\"#gate-e76a98af-89d9-4b18-aae0-ac49e01c2875\"\n\t>Download your free copy of A guide to controlling costs in business<\/a>\n<\/div>\n<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"recession\">Recession concerns<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">More than three-quarters (77%) of finance brokers say their small business clients are concerned about the possibility of a recession, according to <a href=\"https:\/\/www.iwoca.co.uk\/news\/iwoca-sme-expert-index-q2-22\/?utm_source=news&amp;utm_medium=article&amp;utm_campaign=sme_expert_index_Q2_22&amp;utm_content=online&amp;utm_term=link\" rel=\"noopener noreferrer\">a recent survey by Iwoca<\/a>, a fintech company that provides credit facilities to small businesses trading in the UK.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Not only that but there was a rise in the number of brokers reporting \u2018managing day-to-day cash flow\u2019 as the most common reason for applying for a loan (37%).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Steven Scoufarides, Head of Broker Channel at Iwoca, says: \u201cThe current economic outlook for small businesses is precarious \u2013 we are seeing signs of an increasing number of SMEs [small and medium-sized enterprises] searching for finance solutions to manage their cash flow and brace for the potential of a recession.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cBut, as they\u2019ve proven time and time again, small businesses are resilient and will shield themselves against this economic threat in every way they can.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"how\">How a recession can affect your business<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Difficult financial periods can affect a company in a number of ways, with small businesses \u2013 many of which have fewer resources and shallower pockets than their larger counterparts \u2013 particularly at risk.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You might find your company\u2019s sales fall as both existing and potential customers tighten their belts. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Some might put in smaller orders or switch to cheaper options in your product lines. Others may ask for discounts or could be slower settling accounts.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You might find yourself spending more time chasing outstanding invoices. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And if a customer goes closes their business because of the economic situation, that will obviously damage your cash flow and cash reserves.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">All of these events could have a detrimental effect on the way that cash flows through your business.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And, as we know, cash flow is the lifeblood of any company.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But there\u2019s no need to panic.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"ways\">6 ways to manage your cash flow<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">There are a number of actions you can take to shore up cash flow and keep your business at least ticking over during times of uncertainty.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here are six things you can do now.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">1. Be prompt with your invoicing<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Staying on top of receivables \u2013 the money you get from sales \u2013 is essential for healthy cash flow.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This means\u00a0<a href=\"https:\/\/www.sage.com\/en-ca\/blog\/free-invoice-templates-design\/\">invoicing promptly<\/a>\u00a0and asking for payment to be equally prompt. It also means constantly checking your list of invoices to see what hasn\u2019t been paid yet.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.sage.com\/en-ca\/sage-business-cloud\/accounting\/features\/invoicing\/\">Good cloud accounting software<\/a> will flag up when an invoice is overdue and let you see quickly and easily who really should have paid.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It can be used to send automatic reminders for outstanding invoices, too.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Sending statements to regular customers is a good way of gently nudging them to pay and avoiding the risk that they\u2019ll suddenly query a long overdue invoice.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It\u2019s worth noting any slow payers, so you can be prepared when you next issue them with an invoice and you can prioritise customers who pay on time.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you\u2019re paying out money yourself \u2013 for raw materials, venue hire or freelance staff, for example \u2013 make sure that whenever possible you receive payment from your customer before the money for your suppliers leaves your account.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Finally, keeping those receivables trickling in on a regular basis is as much your responsibility as it is that of your customers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Make sure you invoice promptly, that the details of the product or service and who commissioned it are easy to see, and that if your client uses purchase orders and other references, these are correct and immediately obvious.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><div class=\"single-cta\">\n\t<a\n\t\tclass=\"button button--primary gate-e76a98af-89d9-4b18-aae0-ac49e01c2875\"\n\t\trole=\"button\"\n\t\tdata-button-location=\"content_area\"\n\t\thref=\"#gate-e76a98af-89d9-4b18-aae0-ac49e01c2875\"\n\t>Download your free copy of A guide to controlling costs in business<\/a>\n<\/div>\n<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">2. Review your payment terms<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Payment terms usually refer to the amount of time a payer has to make a payment to you for a product or service you\u2019ve provided them with.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This might typically be 14 days, 30 days or cash on delivery (COD) if you\u2019re providing a product that has been dropped off at your customer\u2019s premises.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Including payment terms in your invoices and statements is a good idea. They should also mention how you expect payment to be made, which these days is normally electronically.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Timing is important here.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You can offer a discount for early payment, for example. This might be, for instance, a reduction of 5% if your customer pays within 14 days rather than your standard terms of 30 days.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On the other hand, you can also charge interest for late payments. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It\u2019s worth bearing in mind that this is something of a last resort and you\u2019ll need to make a judgement about whether it\u2019s worth annoying or upsetting a regular, valuable client with such an action.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">3. Create a cash flow forecast<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Another important step is to create a cash flow forecast, if you don\u2019t have one already.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This will show the expected flow of cash in and out of the business over the next six, 12 or 18 months.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It will usually include income from sales and other sources such as bank interest alongside expenses including wages, raw materials costs, rent and rates plus utilities.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As well as being accurate and comprehensive, it\u2019s important that your numbers are realistic, perhaps even a bit pessimistic. A forecast that overestimates income and plays down outgoings is misleading and can be worse than useless.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, once you\u2019ve got an accurate prediction of your finances, you\u2019ll have a clear sense of where you are and where you\u2019ll be a few months hence.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You can decide whether to try and cut costs, and if so by how much.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Similarly, you\u2019ll know whether or not to cancel investment and other expenditure. And if you have a team (or teams), you should also be able to create sales and revenue targets for them.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A cash flow forecast can inform you whether you might have to seek a loan, as well as when and for how much. You should review and update your cash forecast on a weekly basis.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><div class=\"single-cta\">\n\t<a\n\t\tclass=\"button button--primary gate-adbf67e7-f26f-4f58-a954-9e67147b2f85\"\n\t\trole=\"button\"\n\t\tdata-button-location=\"content_area\"\n\t\thref=\"#gate-adbf67e7-f26f-4f58-a954-9e67147b2f85\"\n\t>Download your free small business toolkit: a guide, business plan template and cash flow forecast template so you can boss your business<\/a>\n<\/div>\n<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">4. Check your profit margins<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">During financially challenging times, it\u2019s worth checking your profit margins.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You might have a great product that sells very well but how much money are you making out of it? Can you reduce costs or nudge the price up a bit?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Do you know which products or services are the most profitable and are therefore the ones you should be promoting at the moment?<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">5. Use an accountant<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">You might be loath to take on a new financial responsibility and increase your outgoings but employing an accountant, even in the short term or on a project basis can be a good return on investment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">An accountant can help with cash flow by providing or advising on services such as bookkeeping, and creating business and finance plans.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">They can make sure you\u2019re paying the right amount of tax and that you\u2019re financially compliant.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">They\u2019re sometimes able to help you identify business grants and new funding to get you through difficult times. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">6. Reduce your business outgoings<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">As well as money coming in, can you reduce your outgoings? It\u2019s worth shopping around for a better deal on your insurance, for instance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Look through your expenditure or outgoings to check whether there is anything you can cut or exchange for a more cost-effective alternative.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"final\">Final thoughts<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Recessions can be worrying times for many people. However, it\u2019s possible to regard the current economic landscape as an opportunity to review your business finances and operations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You can then make some positive changes that will not only get you through the difficult times but set you up to make the most of the economic upturn whenever it arrives.<\/p>\n\n\n\n\n<div class=\"single-cta\">\n\t<div class=\"single-cta__positioner on-scroll-highlight__target\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">Subscribe to the Sage Advice Newsletter<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p class=\"cta-content__title\">Get a roundup of our best business advice in your inbox every 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more topics from this article<\/h3>\n\t\t\t<\/div>\n\t\t\t<div class=\"col col-12 col-lg-8\">\n\t\t\t\t<ul class=\"post-tags__list\">\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-ca\/blog\/tag\/business-finances\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tbusiness finances\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-ca\/blog\/tag\/cash-flow\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tcash flow\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/section>\n\n<div class=\"alignfull wp-block-sage-related-posts\">\n\t<section class=\"related-posts card-grid has-dark-background-color\">\n\t<div class=\"container\">\n\t\t\t\t\t<div class=\"row\">\n\t\t\t\t<div class=\"col\">\n\t\t\t\t\t<h2 class=\"related-posts__heading related-posts__heading--featured h1\">Explore more wisdom<\/h2>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\n\t\t\t<div class=\"row related-posts__featured\">\n\t\t\t\t<div class=\"col card-grid__item\">\n\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-0 post-14714 post type-post status-publish format-standard has-post-thumbnail hentry category-money-matters tag-accounting-101 tag-bookkeeping tag-cash-flow tag-small-business tag-staying-competitive business_type-small-business business_type-medium-business card-post--is-clickable\"\n>\n\t<div class=\"card-post__media-wrapper\">\n\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1440\" height=\"810\" src=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2024\/08\/BrandShootLDN_Jul2022_TechSoftware_0015-Final-e1732028285179-1440x810.jpeg\" class=\"card-post__image\" alt=\"A woman working on a desktop computer in an office.\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2024\/08\/BrandShootLDN_Jul2022_TechSoftware_0015-Final-e1732028285179-684x384.jpeg 684w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2024\/08\/BrandShootLDN_Jul2022_TechSoftware_0015-Final-e1732028285179-768x432.jpeg 768w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2024\/08\/BrandShootLDN_Jul2022_TechSoftware_0015-Final-e1732028285179-1440x810.jpeg 1440w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\t<\/div>\n\n\t<div class=\"card-post__content\">\n\t\t\t\t\t<div class=\"card-post__label\">Recommended<\/div>\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-07-14T12:28:30-04:00\">July 14, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">12 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h3\">\n\t\t\t\t\t\t\t<a\n\t\t\t\t\tclass=\"card-post__title-link\"\n\t\t\t\t\thref=\"https:\/\/www.sage.com\/en-ca\/blog\/accounts-payable-management-best-practices\/\"\n\t\t\t\t>\n\t\t\t\n\t\t\tAccounts payable management best practices\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/p>\n\n\t\t\n\t\t\t\t\t<p class=\"card-post__description\">\n\t\t\t\tYour accounts payable ledger helps you build solid vendor relationships and optimize cash flow, but only if you manage it effectively. To run your Accounts Payable (AP) like clockwork, you need a good grasp of AP management tools and best practices for using them.\t\t\t<\/p>\n\t\t\n\t\t\t<\/div>\n\n\t<\/article>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\n\t\t\t\t\t<div class=\"row related-posts__non-featured\">\n\t\t\t\t<div class=\"col col-12\">\n\t\t\t\t\t<h2 class=\"related-posts__heading related-posts__heading--more h4\">More on this Topic<\/h2>\n\t\t\t\t<\/div>\n\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-1 post-14628 post type-post status-publish format-standard has-post-thumbnail hentry category-money-matters tag-accounting-101 tag-bookkeeping tag-business-continuity tag-business-finances tag-cash-flow tag-small-business business_type-small-business\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-ca\/blog\/accounts-payable-vs-notes-payable\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2024\/10\/BrandShoot-LND_June2024_Financial-Services_0474-684x384.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2024\/10\/BrandShoot-LND_June2024_Financial-Services_0474-684x384.jpg 684w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2024\/10\/BrandShoot-LND_June2024_Financial-Services_0474-768x512.jpg 768w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2024\/10\/BrandShoot-LND_June2024_Financial-Services_0474-1214x810.jpg 1214w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-07-03T08:23:28-04:00\">July 3, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">8 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tNotes payable vs accounts payable: Differences and examples\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-2 post-14581 post type-post status-publish format-standard has-post-thumbnail hentry category-daily-money category-money-matters tag-accounting-101 tag-bookkeeping tag-business-continuity tag-cash-flow tag-payment-processing tag-small-business business_type-small-business\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-ca\/blog\/accounts-payable-debit-or-credit\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2024\/10\/BrandShoot-LND_June2024_Financial-Services_0169-684x384.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2024\/10\/BrandShoot-LND_June2024_Financial-Services_0169-684x384.jpg 684w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2024\/10\/BrandShoot-LND_June2024_Financial-Services_0169-768x512.jpg 768w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2024\/10\/BrandShoot-LND_June2024_Financial-Services_0169-1214x810.jpg 1214w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-07-02T07:15:38-04:00\">July 2, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">8 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tIs accounts payable a debit or credit?\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-3 post-14549 post type-post status-publish format-standard has-post-thumbnail hentry category-money-matters tag-accounting-101 tag-bookkeeping tag-business-continuity tag-cash-flow tag-small-business business_type-small-business\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-ca\/blog\/accounts-payable-journal-entry\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2024\/10\/BrandShoot-LND_June2024_Financial-Services_0515-684x384.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2024\/10\/BrandShoot-LND_June2024_Financial-Services_0515-684x384.jpg 684w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2024\/10\/BrandShoot-LND_June2024_Financial-Services_0515-768x512.jpg 768w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2024\/10\/BrandShoot-LND_June2024_Financial-Services_0515-1214x810.jpg 1214w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-07-02T05:42:44-04:00\">July 2, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">12 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tAccounts payable journal entry explained: Definition, types and examples\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-4 post-14534 post type-post status-publish format-standard has-post-thumbnail hentry category-business-process category-compliance category-money-matters tag-accounting-101 tag-bookkeeping tag-cash-flow tag-small-business business_type-small-business business_type-medium-business\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-ca\/blog\/what-is-a-purchase-order\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2025\/10\/fund-accounting-for-nonprofits-684x384.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2025\/10\/fund-accounting-for-nonprofits-684x384.jpg 684w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2025\/10\/fund-accounting-for-nonprofits-768x512.jpg 768w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2025\/10\/fund-accounting-for-nonprofits.jpg 1200w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-07-01T09:01:23-04:00\">July 1, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">10 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tWhat is a purchase order (PO) and how is it used?\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>During a recession, managing your cash flow well is more important than ever. Discover some top tips to help you do just that.<\/p>\n","protected":false},"author":653,"featured_media":8731,"menu_order":0,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_sage_video":false,"post_featured_image_hide":false,"sage_hide_published_date":false,"sage_hide_read_time":false,"sage_hide_share_buttons":false,"_pwl_sage_podcast_buzzsprout_src":"","footnotes":""},"categories":[7],"tags":[266,271],"business_type":[3],"lilypad":[],"context":[],"industry":[],"persona":[],"imagine_tag":[],"coauthors":[326],"class_list":["post-8727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-matters","tag-business-finances","tag-cash-flow","business_type-small-business"],"sage_meta":{"region":"en-ca","author_name":"Simon Brooke","featured_image":"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2022\/09\/GettyImages-497069601-1020x1020-1.jpg","imagine_tags":[]},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"Sage Advice Canada English","distributor_original_site_url":"https:\/\/www.sage.com\/en-ca\/blog","push-errors":false,"_links":{"self":[{"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/posts\/8727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/users\/653"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/comments?post=8727"}],"version-history":[{"count":1,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/posts\/8727\/revisions"}],"predecessor-version":[{"id":14668,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/posts\/8727\/revisions\/14668"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/media\/8731"}],"wp:attachment":[{"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/media?parent=8727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/categories?post=8727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/tags?post=8727"},{"taxonomy":"business_type","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/business_type?post=8727"},{"taxonomy":"lilypad","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/lilypad?post=8727"},{"taxonomy":"context","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/context?post=8727"},{"taxonomy":"industry","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/industry?post=8727"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/persona?post=8727"},{"taxonomy":"imagine_tag","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/imagine_tag?post=8727"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/coauthors?post=8727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}