Staying on top of your cash in and cash out is paramount to running a small business smoothly. The data and reports in your Square Dashboard can help a ton on this front, giving you daily insight into how sales are going.

But outside of knowing the ebbs and flows of your business, there are a number of best practices around managing cash flow effectively. We asked our friends at Xero to give us their top tricks of the trade. To help you get a better grasp on things, you can also connect your Square account to Xero's accounting software through Square App Marketplace.