get paid on time

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... »