Menu

Business and Bookkeeping Blog

Posted on 16 March 2020 in Xero, Small Business, Banking

Xero, NAB and You

Xero, NAB and You

These certainly are amazing times we live in. Rather than working harder to be productive, there are apps and services popping up everywhere in all aspects of life, to not only make you work smarter, but barely work at all.

Continue Reading
Posted on 18 September 2019 in Advice, Cash Flow, Small Business

How Debtor days can impact your cash flow

How Debtor days can impact your cash flow

Where are you now?The best place to start is understanding what your debtor days are currently then sit back and have a think about your cash flow situation, do you always have enough cash to make payments and wages on time?Calculating your debtor daysThe key things we need to know before we work out the debtordays are total sales for the month, closing debtor balance, how many days were in the month.So,…

Continue Reading
Posted on 18 September 2019 in Small Business, Advice, Cash Flow

Technology Saves the Day

Technology Saves the Day

Specialised appsThe App market place can be overwhelming. There are loads of options out there all promoting different features and functions. One app we have experienced great success with with CHASER, a UK based automated debtor management system. We really like the easy to read dash board and the consolidation of emails in the CRM maing it easy for anyone to pick up and know the status of a overdue…

Continue Reading
Posted on 18 September 2019 in Small Business, Advice, Cash Flow

The Art of Chasing Money

The Art of Chasing Money

Tried and tested processFirst step is to confirm all debts are correct & confirm reason for non payment. Next, send the invoice with a personal note asking for payment or if there is any reason they haven’t paid, follow up after 2 days with a phone call.Schedule regular follow ups and find a mutually acceptable payment arrangement if the client can't pay up front. Ensure statements are sent promptly…

Continue Reading
Posted on 18 September 2019 in Advice, Small Business, Cash Flow

Payment Terms Yours or Theirs?

Payment Terms Yours or Theirs?

Click here to watch the Video Blog on You TubeWhat does “on time” mean to you? Payment terms can vary from Cash on Delivery (COD), 7 days, 14 Days, 21 Days, 30 days, 45 Days. There a couple of things to consider when you’re working out what your payment terms should be; Are you completing a high volume of low dollar value one-off jobs?Are you providing project services and invoice at milestones?What…

Continue Reading

Take your business to the next level. Get in touch today.