cash flow

How to Get Paid On Time and Improve Your Cashflow

Good credit control doesn’t just happen. Here’s how to make sure you have an effective system in place to get paid on time if you don’t get paid upfront… This guide will show you: How to set up a new customer How to process orders from new and existing customers Good practice for invoicing customers How to deal with late payments How to set up a new customer Gather comprehensive information about the customer before taking orders. Confirm details such as: Trading name and status (e.g. sole trader, limited company, partnership, limited liability partnership or plc). The invoicing address. Whether they usually pay by cheque or electronically (BACS), and when they normally pay bills (e.g. do they do a cheque run on certain days of the month?). Provide all the informat... »

Client Retention a Big Worry for SMEs

Despite recent signs of economic growth and a reported upturn on the horizon, a staggering 63% of UK business owners continue to worry about losing clients. While struggling to cope with ongoing recessionary pressures, UK business owners are being forced to focus on client retention to ensure their firms stay afloat, according to new research from the leading business finance provider, Bibby Financial Services. The survey, designed to investigate the recessionary attitudes and behaviour of more than 300 business owners from a range of sectors across the UK also showed that, rather than chasing new revenue streams, half (50%) of UK firms are aiming to build better relationships with existing clients and almost two thirds (63%) are now scrutinising suppliers more carefully. More positively, ... »

Your Business, Your Cash Flow

Your Business, Your Cash Flow

> Show date: 7th May Show time: 12:00pm What is the biggest key to surviving the recession? For many small businesses it’s cashflow. You may run a great company, but unless you have money to pay staff and suppliers, let alone for developing your services, in the current climate, things can get very difficult. And for the many businesses without savings in the bank and reliant on business loans & overdrafs the situation has clearly been particularly difficult. To help advise how small businesses can keep the money flowing, Small Business Advice TV is delighted to welcome RBS’ Managing Director of Invoice Financing, Martin Morrin, and Patrick Fennelly, Finance Manager of Moving Venue Catering (celebrating their 25th anniversary this year) who brings a wealth of experience on ... »

Urgent Action Needed on Jobs

Urgent Action Needed on Jobs

The CBI today (Monday) unveiled its ten-point plan to keep business working, safeguard jobs and position the economy for recovery. Ahead of the Pre-Budget Report, the UK’s leading business organisation is calling on the government to take immediate action to help struggling businesses to improve their cash flow, or risk healthy firms going under and unnecessarily prolonging the recession. With credit markets still paralysed, and consumer and business confidence at a low following the banking crisis, the CBI has identified actions the government should take now to give business and the economy an immediate boost. In a letter to the Prime Minister, the CBI calls for measures to ease cash flow to business and a fiscal boost in the Pre-Budget Report, aimed at helping firms retain their s... »