Are Your Payment Terms Working Against You?
Approximately 50% of all invoices are paid late, below is a snap summary of average payment lag: 7 days from date of invoice Payment usually made on [...]
Is Your Debtor Stalling on Payment and Is It Won’t Pay or Can’t Pay?
Almost all SME businesses will experience late payment and also make late payments. There is a big difference between being paid a few days late or b [...]
Will Paying Suppliers Late Stop You Winning Goverment Contracts
Do you want to bid and tender for Government Contracts above £5m a year? If so,you need to keep a good house in your business, which includes paying [...]
VAT BAD Debt Relief
Reclaiming VAT Bad Debt Relief This is the point where you need to consider why we all so many successful business owners say you need a good accoun [...]
Credit Checking Tips
Some Simple Credit Checking Tips Credit Checking is for many a daunting thing, although it does not really need to be. It is easier to credit check [...]
Are your terms and conditions unfair?
Do You Have Terms and Conditions ? Are They Fair ? Are They Current? Yes I know we constantly say make sure you have a good set of terms and conditi [...]
When Does Credit Control Become Debt Recovery?
If we are to make the assumption that a business actually has a credit and risk policy, even the small ones need these, by implementing them whilst [...]
What Is Credit Control Really?
It has become more and more apparent that a significant number of small business owners either have the wrong idea or no idea about Credit Control. [...]
How not to give your customers the chance to say no, when chasing payment!
Five Top Tips to Avoid Your Customer Being Able to Say NO Credit Control is much more than asking for payment but asking for payment is often the [...]
Cash Flow Forecasts Are You Getting The Best From Yours?
Cash gaps and cash flows the oxygen of your business, no business can survive without out, getting it right is important. Yet so many fail to do it, [...]
The Top Five Late Payment Explanations
The Top Five Explanations for Late Payment in no Particular Order Are: “We haven’t received your invoice” Be pro-active, especially because most cus [...]
Why are 75% of businesses afraid to chase late paying customers?
It is hard to believe that in this time of economic uncertainty and with news of Insolvencies on the rise, a staggering 75% to 76% of businesses are [...]