One of the toughest things about running a small business is dealing with non-payment on invoices – unpaid invoices can cause a big disruption for your cash flow, and because you don’t have a finance department to do the chasing for you, you often find yourself in the awkward position …Read More
If your business is doing well, there may well come a time when you’ll need to raise investment in order to grow and expand further. While the traditional route of securing a bank loan remains attractive to many business owners, it’s not always as easy as getting an appointment, making …Read More
Your invoice isn’t just a legal document that you have to retain for your records, and it’s not even just a document that asks your client for payment. The real job of your invoice is in helping you get over the final hurdle of completing a project and getting paid. Under interrogation …Read More
From the dog eating the invoice to radio silence, some clients will try a range of tactics to get away with paying you late. So what do you do when it comes to chasing payment? Here are some classic excuses that we’ve heard before and our top tips for working …Read More
Looking at the news, cyber threats seem to be everywhere. Whether it’s hacks of major film studios, NHS meltdowns, or overseas election meddling, cyber crime and the consequences of poor cyber hygiene are on the rise. But how does this impact on your small business? Why would cyber criminals try and target a …Read More
If you run your own business it’s likely that at some point you’re going to come across a client who doesn’t pay you on time. So what do you do when it comes to chasing payment from them? Here are some suggestions on how to work with five types of …Read More
Most payment disputes can be easily avoided with a clear invoicing process or quickly resolved with a gentle reminder – but what can you do if your client simply won’t pay?
In this expert guide, founder and Chairman of LawBite, Clive Rich, and barrister Belinda Naiken-Payne explain the legal recourse open …Read More
Customers that are offered convenient online payment methods pay invoices two to three weeks earlier than usual. Here’s how small businesses can cash in on the trend.
Popular online payment methods
If you’ve bought something online, then you’ve probably used an online payment method. The most common are credit cards, debit cards, …Read More
It would be nice if you could send an invoice, then sit back and watch the money roll in. But half of all invoices are paid late. And some aren’t paid at all. So how do you handle outstanding invoices?
How to collect money
Some people – like credit control managers, accountants …Read More
How do you get paid for goods or services? Accounts receivable is the short answer. Here’s your introduction to one of the most important functions in a business.
What is accounts receivable (or trade debtors)?
Accounts receivable is the money you’re owed by customers. Once you send an invoice (or bill), it …Read More