Category Archives: Articles

cash keeps business in business. However healthy the order book and profit margin may be – if a business runs out of cash it wont be able to pay suppliers, wages or overheads and could potentially fail. consider these : … Continue reading →

If the invoice is large, call the customer before the payment due date to make sure it has been received and there is no query, this is good customer service Make immediate contact when payment has not arrived, be assertive … Continue reading →

Most business’s extend credit to their customers and extending credit requires finace. Unless a business has the cashflow to support the difference in timing between the cash it collects and the cash it has to pay out, it can be … Continue reading →

a verbal contract is a binding agreement – however always confirm discussion by letter or email wherever possible. invoicing is the first vital step to achieving a healthy cash flow ! the sooner you ask the sooner you get paid, use … Continue reading →

Set out and agree payment terms in advance and in writing. It’s better to do this right at the start so there is no room for misinterpretation later on in the process.  Keep a close eye on documents from your … Continue reading →

What happens when payment fails to arrive for goods or services you have provided ? your cash flow can come under threat and give you added pressure. Cashflow keeps business’s in business, for instance if you think you are being … Continue reading →

get exact name & legal status of business you are supplying, if sole trader/partnership the proprietor or partners are personally liable so make sure you have correct details this is the time they wouls be forthcoming with information as it … Continue reading →

KNOW YOUR CUSTOMER get exact name and trading style of the business. The people or company that own the business will be liable for any debts and this may not be the same as the trading name. If it is not … Continue reading →

No second chance court for late payers If a debtor paying in instalments is late making a payment, the creditor can have the goods covered by the walking possession agreement so they can be immediately removed and sold, without having to go back … Continue reading →