Getting Paid

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: 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: 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: Electronic Payments

Electronic Payments What Are Electronic Payments?A website that is enabled to accept electronic payments, particularly credit and debit card payments, offers convenience to customers and streamlines the purchasing cycle. But helping your...

Article: Factoring and Invoice Discounting

Factoring and Invoice Discounting Factoring allows you to raise finance based on the value of your outstanding invoices. Growing businesses, in particular, often find that factoring is a more flexible source of working capital than overdrafts or...

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: Late Payment of Invoices (2002)

A User's Guide to late payment legislation - The Late Payment of Commercial Debts (Interest) Act 1998, as amended and supplemented by the Late Payment of Commercial Debts Regulations 2002 Introduction Your rights The United...

Article: Small Claims Court

Small Claims Court This guide covers the Small Claims process in England & Wales. The Small Claims process in Scotland can be found at the Scottish Courts web site Small Claims Court Introduction to the...

Article: Suing

Suing Part of the skill of running a successful business is creating good relationships with your customers and suppliers, so that agreements are kept and problems can be sorted out amicably. When things go sour, your priority is still to settle the...