Under the changes announced yesterday to National Insurance rates, both employers and employees will each be taxed an additional 1.25%. In his speech in parliament Boris Johnson’s reason for the
Keeping your cash flowing, maintaining effective credit control and your business financed is critical to its success, but chasing up those invoices is time-consuming and sometimes difficult to do.
So, why would you outsource your credit control activity?
Reduces late payments
Any late payment can have a huge impact on your cash flow. It impacts your ongoing forecasts, your budgets and just as important, the time and resource needed to chase these payments can make an even bigger dent in your business.
When you outsource your credit control, you benefit from the expertise, experience, and focus of our credit team. We find our clients notice significantly improved results when they use our credit control services. The time, or debtor days, taken to payment are reduced so they quickly notice their cash flow is improved.
Not only that, but their mental health is also better as it can be draining, worrying and difficult to chase up clients that you want to keep working with.
When you are starting out or building your business, you probably won’t need a full-time credit controller. Some businesses might pass this task to another member of staff, but we find they are often fitting in chasing up invoices around their other work, so the results are not as good as they could be.
Our credit control team offers you on-tap expertise. We are experienced and will be dedicated to your task, so invariably the time taken to received payment is far less. In return, your sanity and client relationship is maintained!
The first thing we hear from customers is that they are concerned about the cost of outsourcing. Maybe the thing to think about is the huge financial advantages getting paid on time brings your business. You can pay your staff, suppliers and overheads on time, without worrying. If you are growing your business, you will feel more comfortable knowing your cash flow is solid – and you can afford that new employee.
Our costs are fixed, so you will know exactly what you are paying each month – and there will be no impact on your staff or their time.
Efficient credit control is a critical part of a well-managed business. It will help reduce any bad debts and improve your cash flow. You have done the hard work by supplying your product or service, let our team at AccountAbility-Plus ensure that you receive payment for your efforts quickly and efficiently.
How AccountAbility-Plus Can Help
Whether you need simple advice or a full-fledged finance department, our experienced and reliable team are on hand to do the hard work for you. We can offer you invoice processing, credit control, sales ledger management, real time bookkeeping, VAT returns and more.
Every business is different, and we will speak with you to make sure you have the right level of support for your needs. To find out more about our outsourced accounting services we invite you to speak with our friendly team online or via phone.
Work with us to keep your cash flowing and maintain your credit control processes – contact AccountAbility-Plus today.