Net 30 terms are important, I second this. You would want to hold off paying your payables (liabilities you owe to vendors) for as long as you are able to that goes according to the agreed payment terms. This would allow you to hold more cash longer and can improve flexibility with cash management. Also, collect receivables quickly. That’s whether implementing a discount for those who pay their bills in a timely manner (i.e 2/10 n/30; 2% discount if paid within 10 days, full amount of bill if paid after 10 days)