Cashflow Management

Article: Cashflow Management

Cashflow Management Cashflow Management: The Basics Introduction Cash is the oxygen that enables a business to survive and prosper, and is the primary indicator of business health. While a business can survive for a short...

Article: Cashflow problems increase bank borrowing

Article: Checking your Bank Charges are Correct

Checking your Bank Charges are Correct Introduction Banks are commercial organisations and like all other businesses make charges for providing services to customers. Charging policies vary from Bank to Bank with many banks now...

Article: Credit Control

Credit Control Credit control is a vital part of running any business - and especially any new business with limited cash resources. Every year, thousands of start-up businesses go bust. Many are profitable but are owed money by customers. Unable to...

Article: Credit Control System: Setting up

Setting Up a Credit Control System Mismanagement of cash flow is the single biggest reason that small businesses go under. Therefore, a good credit control system is an essential part of any business' accounting procedures. Maintaining consistent...

Article: Debt Factoring and Invoice Discounting

Debt Factoring and Invoice Discounting Financial services companies that provide businesses with debtor finance, secured against unpaid invoices are known as Factors and Invoice Discounters. Factors buy your trade debts and typically will...

Article: Debt Recovery

Debt Recovery Most businesses experience some problems getting paid on time by their customers. Good credit control helps to prevent this becoming a serious problem. However, there are occasions when a customer cannot, or will not, pay. To avoid a bad...

Article: Government payment code helps small firms' cashflow

Article: Interest on Late Payments

Interest on Late Payments All businesses have a legal right to claim interest from late-paying customers. The statutory right to interest, introduced under the Late Payment of Commercial Debts (Interest) Act 1998, applies to all contracts agreed after...

Article: Managing Your Cashflow

Managing Your Cashflow A business can survive for a short time without sales or profits, but not without cash. It is cash which pays the bills and allows trading to continue. And if you are growing, and extending credit to more customers, the need for...

Article: Managing Your Creditors

Managing Your Creditors You rely on good relations with creditors for the smooth operation of your business. Suppliers (trade creditors), the bank, and statutory bodies such as HM Revenue & Customs (HMRC) all affect the cashflow of most...