Archives for invoices

Why You Should Be Charging Late Fees

Why You Should Be Charging Late Fees

May 1, 2019 | No Comments

Managing a steady cashflow is never easy. With so many business attributes in abundance – it’s essential to have some sort of leverage to ensure your business gets paid. … and to deter would be non-payers. Here are 5 key reasons why the Late Payment of Commercial Debts and Interest Act 1998 (UK only) – ( The Act ) are crucial in getting your business debts paid. … and when and how you should use it. 1) Working Capital Many business owners think that generating Sales is enough to promote the overturn in your Balance Sheet credentials. However, by introducing
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Why Dealing With Complaints Makes Financial Sense

Why Dealing With Complaints Makes Financial Sense

April 24, 2019 | No Comments

Having been committed to various roles in ‘Recoveries’ for the last decade or so … The sceptic in me always does a rigorous check to see if all angles have been covered before legal action is even considered. Now, you might be thinking – “Yes, I’ve covered everything All my letters/calls have been ignored.” Are you absolutely, 100% sure? As a Recoveries Consultant, dealing with the plethora of cases, I can tell you that around 9 out of 10 cases eventually cause or lead to problems. Out of those 9, usually 3 of those reverberate around a complaint of some sort
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The Best Excuses Customers Give For Not Paying Their Invoice

The Best Excuses Customers Give For Not Paying Their Invoice

December 19, 2018 | No Comments

Did you ever used to watch those old game shows? Wheel of Fortune Going for Gold Strike it Lucky You Bet Bullseye I started reminiscing about these shows recently. Sometimes it feels like our customers are taking inspiration from those TV shows and playing games with us. Some people are great payers … … others, less so. Eventually they do all pay but not before they’ve given us the run around. What kind of excuses do your Customers give for not paying their invoice on time? Here’s a list of the usual games and excuses I’ve experienced (maybe you’ll recognise
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