Business cash flow
What’s cash flow, and why’s it important?
Cash flow means the money coming in and going out of a business and is vital to both big and small business. By understanding and managing a healthy cash flow, companies may be able to stay financially stable, grow, and avoid money problems.
Managing cash flow can be a tricky business
Regularly track cash flow
Check daily, weekly, or monthly, depending on your business needs. Separating personal and business accounts may also be a good idea.
Use a cash flow statement
Find out how cash is generated and used in your business, helping you identify why your cash position may have changed.
Manage your inventory
Efficient management might assist with holding too much stock, tying up valuable funds, or understocking and being caught short.
Improve billing processes
Think about issuing invoices promptly and accurately, setting clear payment terms, sending reminders and offering multiple payment options.
Your guide to navigating business cash flow
Created in partnership with MYOB, our guide has insights, tips and tools to help you manage your cash flow. Learn how to use a cash flow budget, calculate your future cash position or discover where cash may be hiding in your business.
Get a Cash Flow Health Check for your business
Request a check up
Leave your details, and one of our business banking specialists will get back to you within 1-2 business days. Or give us a call 8:30am-6pm (Sydney time), Mon-Fri.
Business finance solutions to help smooth out your cash flow
Business Overdraft
A line of business credit you can access when you need it.
Special offer - $0 establishment fee for a limited time^
- Pay staff and suppliers
- Purchase new equipment
- Buy new inventory or stock
- Cover unexpected expenses
Rate: Variable rate1 + monthly line fee of 1.2% p.a. of total limit2.
Borrow: the amount you need3.
Insurance Premium Finance
Spread annual insurance premiums across monthly instalments.
- Smooth out cash flow
- Create business certainty
- Finance multiple policies at once4
- Potential for tax deductions5
Rate: personalised to your business
Borrow: from $5K to cover annual insurance from single or multiple policies.
Invoice Finance
Bridging the gap between issuing an invoice and getting paid.
- Turn unpaid invoices into cash
- Get quick access to funds
- Support potential growth opportunities
- Retain customer relationships
Rate: personalised to your business
Borrow: up to 85% of the value of your outstanding invoices. Ongoing funding limits starting from $500k.
Frequently asked questions
If you’re looking to separate your business transactions from your personal, a Westpac Business One account, a no-monthly fee everyday account, could help you with that.
If you decide you’d like to use one or more business finance solutions, having a business transaction account may assist with managing that solution.
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Things you should know
Credit criteria, fees, charges, terms and conditions apply. Talk to your banker for product details.
1. Rates vary depending on a number of factors, such as the type of security provided.
2. A line fee is charged monthly based on the total limit. The monthly charge is calculated using the line fee annual percentage rate, total limit, and number of days to arrive at the monthly amount.
For example, let's say the line fee is 1.20% p.a., the limit of your overdraft is $10,000 and the month has 31 days. The line fee is calculated as: (1.20% of $10,000)/365x31 days = $10.20 per month.
3. Eligibility, credit criteria and type of security determine how much you can borrow.
4. You choose the insurer: some exclusions apply. Only Australian or United Kingdom licensed insurers / underwriters are acceptable.
5. The taxation position described is a general statement and should only be used as a guide. It does not constitute tax advice and is based on current tax laws and their interpretation.
^ Business Overdraft Establishment Fee Waiver:
Offer comprises waiving of the relevant establishment fee for any new Business Overdraft, or increase to an existing Business Overdraft, where the application is received and approved between 1 October 2024 and 31 December 2024.
- You must have an eligible Westpac Business Transaction Account.
- This offer cannot be used in conjunction with any other offer and may be varied or withdrawn at any time.
- Excludes Temporary Overdrafts.
- Applications that include other products may incur separate Establishment Fees for those products.
- If you think that there has been an error in your charging of an establishment fee please contact us.
- Terms, conditions, fees, charges, credit criteria apply.
This information is general in nature and has been prepared without taking your personal objectives, circumstances and needs into account. You should consider the appropriateness of the information to your own circumstances and, if necessary, seek appropriate professional advice. Consider the terms and conditions for the product before making any decision.
Find out what information you need to provide to become a customer.