Getting paid on time

Top Tips to take the stress out of self-assessment
5 September 2020
Do I need to register for VAT?
5 September 2020

One of the most important aspects of your business is making sure you get paid on time. Keeping things simple goes a long way:

  • Get your invoices out quickly, accurately and to the right contact, and with your bank details included. This sounds obvious, but you’ll be amazed how often this doesn’t happen.
  • Keep payment terms short.
  • Follow up quickly on unpaid invoices. Pick up the phone – it’s much easier and quicker to sort issues out and come to a solution by talking to your customers than sending emails/text messages that can easily be ignored. A slow payer can easily turn into a bad debt – these can crucify otherwise successful businesses.

Leave a Reply

Your email address will not be published. Required fields are marked *