FreeAgent's talk about why accounting is like brussel sprouts, delivered by Matt Perkins at the Running your business in the cloud event on October 10th in London
Get financially Fit: Tips for Using QuickBooksIntuit Inc.
When you're running a business, the last thing you want to be worried about is wasting time trying to figure out how to do your accounting. Join a QuickBooks product expert as she shares best practices for simplifying your day-to-day accounting and truly getting the most out of QuickBooks as a small business owner.
Running your business in the cloud: FreeAgentFunding Options
'The essentials of business accounts' presentation by Matt Perkins, Head of SME Engagement at FreeAgent, for the 'Running your business in the cloud' event on Wednesday 17th July.
Greenway and Associates Business Accounting Solutionscavickers
An introduction to the most inclusive accounting and bookkeeping services available to small to medium businesses. With more than 20 years and hundreds of clients we have and can address a very wide range of business solutions.
We service off shore clients doing business in Canada from international locations. Our ability to deliver a responsive seamless solution to Companies doing business in Canada has provided thousands of dollars in savings .
The Works 2019 - Breakout Session: Under Surveillance: Clues to Rethink Your ...David Dourgarian
Top Lone Oak Payroll operatives decipher common back office headaches faced by growing staffing companies. In this session, they’ll cover the benefits and challenges of keeping back office functions inhouse versus outsourcing them, including how to evaluate current processes for payroll processing, tax management, collections (A/R) management, and payroll funding.
Advanced QuickBooks Online - Handling Tricky TransactionsIntuit Inc.
QuickBooks Online is the world’s most popular cloud accounting program, with over 1.8 million companies using it every day to manage their businesses.
This session will focus on how to handle tricky transactions such as Customer Deposits, Loan accounts, Dishonored Cheque ’s and much more. If you have been using QuickBooks Online for a while, this is a session not to be missed.
A full handbook will accompany the session so that attendees can replicate the tricks when they get back to their offices.
Get financially Fit: Tips for Using QuickBooksIntuit Inc.
When you're running a business, the last thing you want to be worried about is wasting time trying to figure out how to do your accounting. Join a QuickBooks product expert as she shares best practices for simplifying your day-to-day accounting and truly getting the most out of QuickBooks as a small business owner.
Running your business in the cloud: FreeAgentFunding Options
'The essentials of business accounts' presentation by Matt Perkins, Head of SME Engagement at FreeAgent, for the 'Running your business in the cloud' event on Wednesday 17th July.
Greenway and Associates Business Accounting Solutionscavickers
An introduction to the most inclusive accounting and bookkeeping services available to small to medium businesses. With more than 20 years and hundreds of clients we have and can address a very wide range of business solutions.
We service off shore clients doing business in Canada from international locations. Our ability to deliver a responsive seamless solution to Companies doing business in Canada has provided thousands of dollars in savings .
The Works 2019 - Breakout Session: Under Surveillance: Clues to Rethink Your ...David Dourgarian
Top Lone Oak Payroll operatives decipher common back office headaches faced by growing staffing companies. In this session, they’ll cover the benefits and challenges of keeping back office functions inhouse versus outsourcing them, including how to evaluate current processes for payroll processing, tax management, collections (A/R) management, and payroll funding.
Advanced QuickBooks Online - Handling Tricky TransactionsIntuit Inc.
QuickBooks Online is the world’s most popular cloud accounting program, with over 1.8 million companies using it every day to manage their businesses.
This session will focus on how to handle tricky transactions such as Customer Deposits, Loan accounts, Dishonored Cheque ’s and much more. If you have been using QuickBooks Online for a while, this is a session not to be missed.
A full handbook will accompany the session so that attendees can replicate the tricks when they get back to their offices.
Geek n Rolla: WReeve Bootstrapping, Scaling and Cashflowwreeve
William Reeve's presentation at TechCrunch's Geen'n'Rolla in London. Lessons from LOVEFiLM.com (and other UK internet businesses) on bootstrapping, cashflow and scaling. Please note that confidential data has been obscured. Please contact me (via twitter etc) for copies.
How SupplierPay Will Impact Your Business and How to Get AheadTaulia
On July 11th, 2014, The White House announced an early payment initiative called SupplierPay to help small businesses get access to financing. President Obama selected a group of top executives from 26 of the largest U.S. companies, many of which are already using Taulia, to discuss the impact supplier financing has on the small business economy.
This isn't new to us--we've been helping Fortune 500 companies pay their suppliers earlier for over 6 years.
In this presentation, discover:
-What exactly SupplierPay is and why it matters to the economy
-The impact SupplierPay will have on your business
-How you can easily get ahead
Digitalisation of your interaction with HMRCMartin Jack
Simon will discuss some ideas around digitisation and its increasing relevance in business.
Making Tax Digital (MTD) – is this HMRC turning into Big Brother?
Social Media – not just a potential HR issue at work
The future of reporting to HMRC and how they will monitor it
The future ready cpa are you ready for the challenge - PICPA Leadership Con...CPA.com
Increasing complexity in the future will continue to challenge individual CPAs, their firms and
their clients. CPA.com has partnered with the Institute for Global Futures in an effort to understand
the current state of the profession relative to being “future ready”. Come and learn how
to better anticipate change and adapt faster. Better preparedness to meet the challenges of the
future is critical to tomorrow’s success.
Analyzing Chime's on-boarding user experience to see how they have user proceed through the application process. Listing what I love and hate about their flow.
The future ready cpa – are you ready for the challenge nj showCPA.com
Increasing complexity in the future will continue to challenge individual CPAs, their firms and
their clients. CPA.com has partnered with the Institute for Global Futures in an effort to understand
the current state of the profession relative to being “future ready”. Come and learn how
to better anticipate change and adapt faster. Better preparedness to meet the challenges of the
future is critical to tomorrow’s success.
[Webinar] Little Mistakes that Cause Big Problems in Accounts PayableAnybill
It’s often the little things that if left unresolved, end up causing the biggest headaches. What’s even more hellish is that these nightmares have a way of popping up at precisely the wrong time. Typically, the solutions aren’t elaborate or expensive; they simply involve identifying the mistake and rectifying it.
Hear Mary Schaeffer, Editor of AP Now as she:
•Identifies 25 AP mistakes that on the face seem minor but could result in major headaches
•Addresses why these issues can cause complications and what you can do to avoid these in the future
•Discusses some strategic tools that you can implement to avoid this all together!
Five techniques to defend the it budget and demonstrate the value of it it-...IT-Toolkits.org
What you can accomplish as an IT manager is closely tied to how much money the company is willing to entrust you with. The more money that they are willing to give you, the more you’ll be able to get done. The way that you’ll get your hands on the company’s money is to create a budget and then manage it. Let’s talk about what you’ll need to know in order to do this correctly…
What Happens When You Remove the Fear of Digital?GrowthHackTalks
Eamonn Grant, Head of Online at The AA presented "What Happens When You Remove the Fear of Digital?" at Growth Hack Talks.
For more info see:
http://growthhacktalks.com/
http://bit.ly/1KIPaTX
Stay Connected Philadelphia Recap | October 20th, 2016Taulia
Join financial supply chain experts at an exclusive half day event featuring Taulia customers and their journey with innovative financial technology. Meet finance, procurement and AP peers at these afternoon lunch and learns. For more information, or to join us at the next networking event please reach out to Lexi Harvey at lexi.harvey@taulia.com.
Gaming the Odds and Gaining Competitive Advantage with Automated OnboardingAgreement Express Inc.
In the world of risk and fraud, innovation is happening fast. Ignoring new technology innovations is simply not an option for financial services organizations looking to scale and grow their business. This session will cover how organizations can find new revenue in the underwriting department leveraging their risk scorecard. Learn about the importance of data capture and analysis in the underwriting process, in order to increase the size of your customer base.
Check out this slideshare to learn essential steps for faster invoice collection, B2B accounts receivable best practices, and the benefits of accounts receivable management automation. Learn even more at www.anytimecollect.com
How to recession-proof your business with better cash flow managementAmaya Woods
The IMF predicts the world economy will contract by 4.9 percent during 2020, and global economies are not expected to recover from the effects of the pandemic until late 2022 (ING).
In these times of economic uncertainty, cash flow management is one of your business' most valuable tools. Effective cash flow management will help your business withstand the impacts of the economic recession and ensure you are in the best possible position for growth when global economies begin to recover.
During this webinar, you'll hear advice from a panel of cash flow management experts.
Learn how you can recession-proof your business with better cash flow management including:
- Accurate cash flow forecasting
- Comprehensive spending and expense management
- Optimised accounts receivable processes
Watch the recorded session: https://hubs.li/H0LlNQ00
Geek n Rolla: WReeve Bootstrapping, Scaling and Cashflowwreeve
William Reeve's presentation at TechCrunch's Geen'n'Rolla in London. Lessons from LOVEFiLM.com (and other UK internet businesses) on bootstrapping, cashflow and scaling. Please note that confidential data has been obscured. Please contact me (via twitter etc) for copies.
How SupplierPay Will Impact Your Business and How to Get AheadTaulia
On July 11th, 2014, The White House announced an early payment initiative called SupplierPay to help small businesses get access to financing. President Obama selected a group of top executives from 26 of the largest U.S. companies, many of which are already using Taulia, to discuss the impact supplier financing has on the small business economy.
This isn't new to us--we've been helping Fortune 500 companies pay their suppliers earlier for over 6 years.
In this presentation, discover:
-What exactly SupplierPay is and why it matters to the economy
-The impact SupplierPay will have on your business
-How you can easily get ahead
Digitalisation of your interaction with HMRCMartin Jack
Simon will discuss some ideas around digitisation and its increasing relevance in business.
Making Tax Digital (MTD) – is this HMRC turning into Big Brother?
Social Media – not just a potential HR issue at work
The future of reporting to HMRC and how they will monitor it
The future ready cpa are you ready for the challenge - PICPA Leadership Con...CPA.com
Increasing complexity in the future will continue to challenge individual CPAs, their firms and
their clients. CPA.com has partnered with the Institute for Global Futures in an effort to understand
the current state of the profession relative to being “future ready”. Come and learn how
to better anticipate change and adapt faster. Better preparedness to meet the challenges of the
future is critical to tomorrow’s success.
Analyzing Chime's on-boarding user experience to see how they have user proceed through the application process. Listing what I love and hate about their flow.
The future ready cpa – are you ready for the challenge nj showCPA.com
Increasing complexity in the future will continue to challenge individual CPAs, their firms and
their clients. CPA.com has partnered with the Institute for Global Futures in an effort to understand
the current state of the profession relative to being “future ready”. Come and learn how
to better anticipate change and adapt faster. Better preparedness to meet the challenges of the
future is critical to tomorrow’s success.
[Webinar] Little Mistakes that Cause Big Problems in Accounts PayableAnybill
It’s often the little things that if left unresolved, end up causing the biggest headaches. What’s even more hellish is that these nightmares have a way of popping up at precisely the wrong time. Typically, the solutions aren’t elaborate or expensive; they simply involve identifying the mistake and rectifying it.
Hear Mary Schaeffer, Editor of AP Now as she:
•Identifies 25 AP mistakes that on the face seem minor but could result in major headaches
•Addresses why these issues can cause complications and what you can do to avoid these in the future
•Discusses some strategic tools that you can implement to avoid this all together!
Five techniques to defend the it budget and demonstrate the value of it it-...IT-Toolkits.org
What you can accomplish as an IT manager is closely tied to how much money the company is willing to entrust you with. The more money that they are willing to give you, the more you’ll be able to get done. The way that you’ll get your hands on the company’s money is to create a budget and then manage it. Let’s talk about what you’ll need to know in order to do this correctly…
What Happens When You Remove the Fear of Digital?GrowthHackTalks
Eamonn Grant, Head of Online at The AA presented "What Happens When You Remove the Fear of Digital?" at Growth Hack Talks.
For more info see:
http://growthhacktalks.com/
http://bit.ly/1KIPaTX
Stay Connected Philadelphia Recap | October 20th, 2016Taulia
Join financial supply chain experts at an exclusive half day event featuring Taulia customers and their journey with innovative financial technology. Meet finance, procurement and AP peers at these afternoon lunch and learns. For more information, or to join us at the next networking event please reach out to Lexi Harvey at lexi.harvey@taulia.com.
Gaming the Odds and Gaining Competitive Advantage with Automated OnboardingAgreement Express Inc.
In the world of risk and fraud, innovation is happening fast. Ignoring new technology innovations is simply not an option for financial services organizations looking to scale and grow their business. This session will cover how organizations can find new revenue in the underwriting department leveraging their risk scorecard. Learn about the importance of data capture and analysis in the underwriting process, in order to increase the size of your customer base.
Check out this slideshare to learn essential steps for faster invoice collection, B2B accounts receivable best practices, and the benefits of accounts receivable management automation. Learn even more at www.anytimecollect.com
How to recession-proof your business with better cash flow managementAmaya Woods
The IMF predicts the world economy will contract by 4.9 percent during 2020, and global economies are not expected to recover from the effects of the pandemic until late 2022 (ING).
In these times of economic uncertainty, cash flow management is one of your business' most valuable tools. Effective cash flow management will help your business withstand the impacts of the economic recession and ensure you are in the best possible position for growth when global economies begin to recover.
During this webinar, you'll hear advice from a panel of cash flow management experts.
Learn how you can recession-proof your business with better cash flow management including:
- Accurate cash flow forecasting
- Comprehensive spending and expense management
- Optimised accounts receivable processes
Watch the recorded session: https://hubs.li/H0LlNQ00
8 quick tips to get cash into your business and get paid on timePaula Bolton
Healthy cash flow is key to business success. With these 8 quick tips that you can apply instantly, you will be on your way to ensuring customers pay you on time, as well as improving the overall cash flow performance of your business.
For more help, tips, advice visit: www.fjcm.co.uk
[Article] The Accounts Payable Function: Are There Cracks in Your Foundation?Anybill
Rarely do people think about the foundation for their accounts payable function. This is unfortunate, for just like a building built on swamp land, an accounts payable function without a strong foundation will not be able to support a robust accounts payment process. With all the change affecting the account payable function in recent years as well as expected change in upcoming years, a strong foundation is critical. Let’s take a look the implications of a robust underpinning as well as five issues every professional should consider when evaluation their accounts payable function.
Most business owners fail to understand that, just as there is a human life cycle, there is also a business life cycle. It begins with the conceptual or idea stage, which progresses to the start-up period, followed by the growth phase, then the well-established maturing years,and finally the exit or retirement phase. most common mistake most business owners make is that they don’t plan far enough in advance for the exit phase.
CashPerform has a unique offering that facilitates efficiency in the cash conversion cycle to recover cash from suppliers, customers and internal efficiences. This translates into Working Capital Optimisation
Bellwether Magazine from Blytheco - The Ecommerce Issue - Q1 2014Blytheco
Hi everyone! This quarter of Bellwether we are focused on eCommerce. We have actually found that eCommerce means a lot of things to different people. In fact, the misconception is that it is all about a shopping cart. If that was the case, we wouldn’t have dedicated an entire issue to breaking through some of those misconceptions. We hope to shed some light on why this may be an important area for you to take a look at for your business. As our cover highlights by the myriad of words, eCommerce has a lot more to it than meets the eye.
6 Effortless Ways to an Efficient Payroll Process Enhancing Employee Retention!Cogneesol
Employee retention is a significant concern of every business, whether large or small, and active payroll services are critical to it. Explore the best ways illustrated here and implement the most suitable ones into yours.
11 Benefits of Accounts Receivable Management SoftwareE2B Teknologies
Take a look at this slide deck to learn the benefits of accounts receivable management software and how automating accounts receivable can help you increase cash flow, reduce bad debt, and much more.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the what's app number of my personal pi vendor to trade with.
+12349014282
5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the what'sapp number.
+12349014282
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the what'sapp contact of my personal pi vendor
+12349014282
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the what'sapp number of my personal pi merchant who i trade pi with.
Message: +12349014282 VIA Whatsapp.
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfcoingabbar
Introducing BONKMILLON - The Most Bonkers Meme Coin Yet
Let's be real for a second – the world of meme coins can feel like a bit of a circus at times. Every other day, there's a new token promising to take you "to the moon" or offering some groundbreaking utility that'll change the game forever. But how many of them actually deliver on that hype?
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Yes of course, you can easily start mining pi network coin today and sell to legit pi vendors in the United States.
Here the what'sapp contact of my personal vendor.
+12349014282
#pi network #pi coins #legit #passive income
#US
3. Accounts are like brussel
sprouts!
Very few people enjoy them!
Most people avoid them!
Once a year you have to face them!
4. Forget about the accounting
It’s not about creating work!
It’s not about compliance!
It’s about powering your business!
5. Two fundamental truths…
Whatever you want to achieve with your
enterprise, you can only do it with a
viable business model.
Even with a viable model, unless you get
the money in – quickly and efficiently –
you will fail
6. The figures are so
important!
Consistently in top 10 of
failure surveys:
•
•
•
•
•
Poor cash flow
management
Inability to pay
tax/wages
Overspending
Poor credit control
Insufficient funding
7. Why is that not
surprising?
St
op
49% don’t know their gross profit margin (KPI)
ta
lk i
acflow issues were their most significant
61% said cash c
ng
ou
challenge
ab
nt
ing out
63% Had no formal accounting procedure
!
46% unaware of break even point
in place
Source: NatWest survey,
May 2011
8. Let’s look at it from a
different angle!
In 2012, the average outstanding
debt for an SME was £45K….
They were also waiting an average
of 30 days past agreed payment
terms for their money…..
And wasting130 hours (3 weeks) a
year chasing payments
Source: BACS Payment
Schemes 2012
14. What does that mean practically?
We have the technology
We just need to change the mindset!
15. What 4 things do all business need to
do to get money in?
1. Invoice your customer –
•Professionally
•Accurately
•Efficiently
2. Keep track of who owes you what.
3. Take payments
4. Keep on top of late payers
16. Tips to keep on top of your finances
Invoice in a consistent manner
Chase payments consistently
17. Tips to keep on top of your finances
Make it easy for customers to pay
Chip
CS
BA
& Pin
Payment buttons on invoices
ts
en
ym
pa
ile
ob
M
Direct Debits
18. Tips to keep on top of your finances
Keep track of business expenses incurred
19. Tips to keep on top of your finances
Keep track of taxes (inc VAT) owed
20. Tips to keep on top of your finances
Review your financial position regularly
21. Get an extended 3 month free trial –
pick up a leaflet today only!!
Matt Perkins
Head of SME Engagement
matt@freeagent.com
@perkinsmattj
Editor's Notes
This is really to drive home that whatever type of business you run – even if it is a not-for-profits social enterprise – it still has to be able to ‘wash it’s face’ or you are back to gainful employment!
Recap on this earlier slide – pointing out the ‘Poor cash flow management’ point
Now click onto the next slide (22)
Recap on this earlier slide – pointing out the ’61% said cash flow issues were their most significant challange’ point
Recap on this earlier slide – pointing out the ’61% said cash flow issues were their most significant challange’ point
Think about the sales flow of any business from receiving an order to getting paid. Businesses that manage this process effectively are the ones that survive and grow
From
This is really to drive home that whatever type of business you run – even if it is a not-for-profits social enterprise – it still has to be able to ‘wash it’s face’ or you are back to gainful employment!
Notes on each point:
All businesses need to invoice the customer. It is our biggest search word by which people find us.
Professionally – looks right and contains correct information (payment terms, etc.)
Accurately – ties in with previous quotes etc. don’t give reason for invoice to be rejected.
Efficiently – word or excel are very manual. Eg: timber yard.
You need to know what you are owed at any one time – aged debtors!
You need to physically be able to take payments. Too many people sort this out as a last resort. Give example of methods of taking payments.
You need to have a system in place to chase late payers – or they’ll always push it as far as possible!
Notes on each point:
Invoice as soon as possible after an order is completed. Make sure all the details are clearly presented including terms and conditions and payment due date.
You should use a three step credit control approach to chasing payments – a reminder just before (or when) the invoice is due, a chaser if the payment isn’t forthcoming – usually a week or so after the invoice due date, and finally a final reminder/warning that non-payment will result in legal action being taken – usually sent 4-6 weeks after invoice due date.
We saw it in the list of reasons for business failure – failing to keep track of what taxes you owe is one of the biggest slayers of businesses. You must keep track of what tax you owe and when you are going to have to pay them.
Expenses are actually a business’s friend (if used reasonably!). Lots of businesses keep track of income but too many don’t keep a record of ‘reasonable business expenses’ (travel expenses etc.). These can be offset against the tax you pay so you really would be crazy not to keep note of them!!
Notes on each point:
Invoice as soon as possible after an order is completed. Make sure all the details are clearly presented including terms and conditions and payment due date.
You should use a three step credit control approach to chasing payments – a reminder just before (or when) the invoice is due, a chaser if the payment isn’t forthcoming – usually a week or so after the invoice due date, and finally a final reminder/warning that non-payment will result in legal action being taken – usually sent 4-6 weeks after invoice due date.
We saw it in the list of reasons for business failure – failing to keep track of what taxes you owe is one of the biggest slayers of businesses. You must keep track of what tax you owe and when you are going to have to pay them.
Expenses are actually a business’s friend (if used reasonably!). Lots of businesses keep track of income but too many don’t keep a record of ‘reasonable business expenses’ (travel expenses etc.). These can be offset against the tax you pay so you really would be crazy not to keep note of them!!
Notes on each point:
Invoice as soon as possible after an order is completed. Make sure all the details are clearly presented including terms and conditions and payment due date.
You should use a three step credit control approach to chasing payments – a reminder just before (or when) the invoice is due, a chaser if the payment isn’t forthcoming – usually a week or so after the invoice due date, and finally a final reminder/warning that non-payment will result in legal action being taken – usually sent 4-6 weeks after invoice due date.
We saw it in the list of reasons for business failure – failing to keep track of what taxes you owe is one of the biggest slayers of businesses. You must keep track of what tax you owe and when you are going to have to pay them.
Expenses are actually a business’s friend (if used reasonably!). Lots of businesses keep track of income but too many don’t keep a record of ‘reasonable business expenses’ (travel expenses etc.). These can be offset against the tax you pay so you really would be crazy not to keep note of them!!
Notes on each point:
Invoice as soon as possible after an order is completed. Make sure all the details are clearly presented including terms and conditions and payment due date.
You should use a three step credit control approach to chasing payments – a reminder just before (or when) the invoice is due, a chaser if the payment isn’t forthcoming – usually a week or so after the invoice due date, and finally a final reminder/warning that non-payment will result in legal action being taken – usually sent 4-6 weeks after invoice due date.
We saw it in the list of reasons for business failure – failing to keep track of what taxes you owe is one of the biggest slayers of businesses. You must keep track of what tax you owe and when you are going to have to pay them.
Expenses are actually a business’s friend (if used reasonably!). Lots of businesses keep track of income but too many don’t keep a record of ‘reasonable business expenses’ (travel expenses etc.). These can be offset against the tax you pay so you really would be crazy not to keep note of them!!
Notes on each point:
Invoice as soon as possible after an order is completed. Make sure all the details are clearly presented including terms and conditions and payment due date.
You should use a three step credit control approach to chasing payments – a reminder just before (or when) the invoice is due, a chaser if the payment isn’t forthcoming – usually a week or so after the invoice due date, and finally a final reminder/warning that non-payment will result in legal action being taken – usually sent 4-6 weeks after invoice due date.
We saw it in the list of reasons for business failure – failing to keep track of what taxes you owe is one of the biggest slayers of businesses. You must keep track of what tax you owe and when you are going to have to pay them.
Expenses are actually a business’s friend (if used reasonably!). Lots of businesses keep track of income but too many don’t keep a record of ‘reasonable business expenses’ (travel expenses etc.). These can be offset against the tax you pay so you really would be crazy not to keep note of them!!