EOFY Cash Flow Tips: How to Start the New Year Strong
Reinforce financial stability and growth as the new financial year begins.
Why Does Cash Flow Matter at EOFY?
The end of the financial year is more than just a time for tax returns and reconciliations- it’s a golden opportunity to reflect, reset, and step into the new year with clarity. Strong EOFY cash flow management helps you go beyond compliance and move into strategic territory, where you gain control, reduce stress, and create space to grow. Whether you've had a strong year or faced a few stumbles, how you manage your cash flow now will shape your resilience and momentum going forward.
Understand Where Your Cash Stands Before Planning Ahead
Start by getting a clear picture of your current cash flow position. This helps you make informed decisions and uncover any weaknesses or opportunities before the new year ramps up.
Review Your Cash Flow Statement
A cash flow statement reveals when and how money is entering and exiting your business. By reviewing this regularly, you can identify patterns, unexpected spikes, and any potential gaps.
Identify Seasonal Trends
Spotting cyclical highs and lows allows you to plan buffer periods for lean months and capitalise on high-earning ones. Use this insight to create a proactive approach instead of scrambling when things get tight.
Strengthen Incoming Cash Flow by Improving Receivables
Cash flow is only as strong as your ability to collect what you’re owed. Refining how and when you get paid directly impacts your working capital and peace of mind.
Set Clearer, Shorter Payment Terms
Don’t be afraid to tighten terms to match your cash cycle. Shorter terms reduce the time cash is tied up and set clearer expectations with clients.
Be Proactive About Follow-Ups
Make invoice follow-up a regular part of your process. Use automated reminders and schedule manual check-ins to ensure nothing slips through.
Encourage Prompt Payments
Offer small discounts or other perks to clients who pay early. Even a 2% early settlement discount can speed up cash inflow without eating heavily into margins.
Reduce and Refocus Spending to Optimise Cash Flow
Managing outflows is just as crucial as increasing inflows. EOFY is the perfect time to tidy up inefficiencies and make sure every dollar has a purpose.
Conduct a Detailed Expense Audit
Go line-by-line through your expenses and cancel or consolidate anything underused. Small recurring costs can add up quickly.
Negotiate Smarter Terms with Suppliers
EOFY often means suppliers are open to renegotiation. Ask about discounts for early payment, volume orders, or locking in long-term contracts.
Invest in What Drives ROI
Free up cash from unnecessary spend and reinvest it where it can generate returns-marketing, automation tools, training, or customer experience upgrades.
Build a Forward-Facing Cash Flow Forecast
Now that your foundations are set, forecast what’s coming. Your future decisions should be based on more than gut feeling, data gives you power.
Create a Rolling 12-Month Forecast
Don’t just forecast for the sake of reporting, use it as a decision-making tool. Update it monthly so it stays aligned with what’s actually happening in your business.
Include Contingencies for Uncertainty
Unexpected costs or revenue drops are inevitable. Build a 10–15% cash reserve into your forecast so you're ready for the unpredictable.
Align Cash Flow Planning with Your Bigger Business Goals
EOFY is a chance to connect financial planning with the direction you want your business to grow in. It’s about using cash as a tool, not just a measurement.
Connect Your Forecast to Your Strategy
Want to grow your team, open a new location, or launch a new product? Make sure your forecast supports and funds that vision.
Fund High-Impact Projects First
Prioritise spending on initiatives that drive momentum. Focus on what moves the needle rather than stretching cash across too many areas.
Use Business Coaching to Sharpen and Strengthen EOFY Cash Flow Plans
If cash flow is your priority this year, business coaching can help you elevate the impact. A coach can bring the clarity, focus, and structure you need to implement everything above.
The Role of Coaching in Financial Strategy
Business coaching gives you:
Objective feedback on your financial blind spots
Guidance on building sustainable cash flow models
Ongoing accountability so your goals become results
Even experienced business owners benefit from a partner who keeps strategy aligned with action.
Start the Year Strong
Starting strong isn’t about a perfect budget or flawless spreadsheet, it’s about clarity, consistency, and confidence. By applying these practical EOFY cash flow tips now, you give yourself the best chance to thrive long-term. Clean up the past year, clarify where you’re going, and stay accountable with support when needed.
If you haven’t already, pair this blog with our comprehensive EOFY Checklist to cover all your bases.
Ready to stay focused and strategic this financial year? Explore our Business Coaching Services and move forward with clarity and control.
FAQs about EOFY Cash Flow Management
1. Why is managing cash flow at EOFY so important?
Because how you manage your cash flow at EOFY directly impacts your ability to plan, invest, and grow in the new year. These EOFY cash flow tips are designed to give you clarity and control, so you're not just surviving, but setting the stage for success.
2. If I already work with an accountant, do I still need to follow these tips?
Yes. While accountants focus on reporting and compliance, managing cash flow is a strategic leadership task. These tips help you take ownership and make decisions that move your business forward.
3. How can business coaching support my EOFY cash flow strategy?
A business coach helps you put these tips into action. They can spot blind spots, guide you through planning and forecasting, and keep you accountable to the financial goals you've set.