How to shout loudest when chasing SME debts

How to shout loudest when chasing SME debts

After years of successive governments stressing the contribution SMEs make to the nation’s economy and pledging to take action on issues like business rates, punishing quarterly rents…

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After years of successive governments stressing the contribution SMEs make to the nation’s economy and pledging to take action on issues like business rates, punishing quarterly rents…

4% of firms face debt payment problems if base rate rises

4% of firms face debt payment problems if base rate rises

Nearly 80,000 UK businesses are worried about the impact a base rate rise could have on their debt payment problems, according to recently published figures from R3,…

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Nearly 80,000 UK businesses are worried about the impact a base rate rise could have on their debt payment problems, according to recently published figures from R3,…

Careful cash flow ‘is a must’ in uncertain economy

Careful cash flow ‘is a must’ in uncertain economy

SMEs have been told that times of uncertainty in the economy make it “a must” to adopt more careful cash flow practices in order to protect money coming into and going out from the company.…

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SMEs have been told that times of uncertainty in the economy make it “a must” to adopt more careful cash flow practices in order to protect money coming into and going out from the company.…

Debt recovery and the Bank of England base rate

Debt recovery and the Bank of England base rate

Debt recovery and the Bank of England base rate

The Bank of England’s Monetary Policy Committee made headlines in the financial pages in June with the news that the decision to keep the historically low base rate of 0.25% – …

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Debt recovery and the Bank of England base rate

The Bank of England’s Monetary Policy Committee made headlines in the financial pages in June with the news that the decision to keep the historically low base rate of 0.25% – …

What is the current statutory interest rate on late payments?

What is the current statutory interest rate on late payments?

What is the current statutory interest rate on late payments?

If you have clients who owe you overdue invoices, it’s important to know the current statutory interest rate on late payments, so that you can chase for payment of the …

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What is the current statutory interest rate on late payments?

If you have clients who owe you overdue invoices, it’s important to know the current statutory interest rate on late payments, so that you can chase for payment of the …

Late payment problems ‘haven’t gone away’

Late payment problems ‘haven’t gone away’

Late payment problems ‘haven’t gone away’

A government advisor on prompt payments has told the BBC that late payment problems worsened immediately following the onset of the recession and that the issue “hasn’t gone away” in the decade since.

Speaking …

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Late payment problems ‘haven’t gone away’

A government advisor on prompt payments has told the BBC that late payment problems worsened immediately following the onset of the recession and that the issue “hasn’t gone away” in the decade since.

Speaking …

The Importance of good Credit Control

The Importance of good Credit Control

The importance of good Credit Control

Good credit control is its own reward – quite literally in terms of your business cash flow, as it allows you to minimise the risk you face due to customers with a poor credit …

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The importance of good Credit Control

Good credit control is its own reward – quite literally in terms of your business cash flow, as it allows you to minimise the risk you face due to customers with a poor credit …

Important: Do you credit check your potential customers?

Important: Do you credit check your potential customers?

approved credit checkFor any business it is important to have customers, however, what is more important is knowing they will pay for your services or products. Whilst it may seem ludicrous to turn business away, it is far better having quality customers …

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approved credit checkFor any business it is important to have customers, however, what is more important is knowing they will pay for your services or products. Whilst it may seem ludicrous to turn business away, it is far better having quality customers …

Building a credit control procedures flowchart

Building a credit control procedures flowchart

Drawing up a credit control procedures flowchart is a great way to visualise each stage of the process, and understand better where you should place more focus, and how this will benefit your business.

Like credit control itself, you should …

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Drawing up a credit control procedures flowchart is a great way to visualise each stage of the process, and understand better where you should place more focus, and how this will benefit your business.

Like credit control itself, you should …

How do I prepare credit control reports?

How do I prepare credit control reports?

Keeping on top of your accounts payable means more than just chasing overdue invoices, and detailed credit control reports give you a great insight into exactly where your company finances stand at any given moment.

Credit control reports go into …

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Keeping on top of your accounts payable means more than just chasing overdue invoices, and detailed credit control reports give you a great insight into exactly where your company finances stand at any given moment.

Credit control reports go into …