Please Note we provide basic administrative book-keeping and support: We do not provide financial advice of any kind.
Cash is King ! It’s a cliché, we’ve all heard the phrase many times. BUT particularly in these difficult commercial times it’s one we need to pay heed to.
It generally refers to the importance of good cashflow management in the overall health of a business, poor cash flow management can in many cases be traced back to lack of accurate bookkeeping.
The ability to maintain and regularly update books is vital. As a small business owner, you know that, you understand it, but keeping upto date with things like invoicing and credit control along with all the other stuff that’s involved in the daily running of a business is just another chore that often doesn’t get the attention it deserves.
Do you always get your invoices out on time?
It’s important to send out invoices as soon as the work is completed or goods sent. Don’t wait until the end of the month, because the customer won’t get your invoice until the second or third day of the next month. In larger organizations in particular, it won’t get processed for payment until the end of that month, so you’re inadvertently extending your credit terms to 60 days.
- Our invoicing in a jiffy service can help.
Do you follow up with regular statements?
Many companies wait until they receive a statement of all invoices before they pay. If they never receive a statement from you, then you know what happens.
- We can help
How about credit control, do you regularly send out reminders or phone late payers and chase up payments?
If you are having problems getting paid from your clients or customers it can have a detrimental effect on the overall health of your business. But we know you don’t always have the time to chase up overdue payments, not to mention the fact that this is one of those jobs that not many people like.
- Luckily we love to do it !
Are your VAT accounts upto date? How about payroll and P30 forms?
- We can help !
Those are just a couple of ways that we can help you with your book-keeping and financial management. Why not schedule a free consultation to discuss your specific requirements and see how we can help YOU or click here to go directly to our financial packages and rates
