We\u2019re here to help you transform the way your business operates. In this series of guides, we\u2019re talking about how TreyBridge Accountants can save you time and money, ensure compliance, and guide you towards sustainable business growth.<\/p>\n
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No matter how hard you and your team work to deliver outstanding products and services, this doesn\u2019t mean that your clients will always pay on time. In fact, countless sole traders, entrepreneurs, limited companies and partnerships have to deal with late payments on a regular basis, which simply shouldn\u2019t be the case.<\/p>\n
When your business is paid late or the wrong amount, it can cause major problems such as negative cash flow, additional admin, the inability to pay your own staff and suppliers on time, and of course large volumes of stress. We\u2019re here to remove the headache by providing flexible and affordable credit control services that enable you to focus on growing your business.<\/p>\n
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Your clients shouldn\u2019t take on your services unless they\u2019re confident that they can pay the full amount no later than each invoice\u2019s deadline. If it\u2019s a case of a client suddenly encountering financial difficulties, they should contact you right away to discuss the situation and come to a mutual agreement. Under no circumstances should a client not pay your invoices on time without giving you suitable notice, although this is sadly the case with many business owners across the UK.<\/p>\n
The long and short of it is that late payments are simply unacceptable, so our credit control specialists are here to ensure that your outstanding invoices are paid in full, even if they\u2019ve been hanging around for months on end.<\/p>\n
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TreyBridge Accountants has a specialist credit control department. The role of our credit control specialists is to recover late, missed and inaccurate payments from your customers in a professional and effective manner. Chasing debts is a task that many business owners don\u2019t have time for and also find very distressing, so you can rest assured that we\u2019ll take a huge weight off your shoulders and get your cash flow back into positive territory.<\/p>\n
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The best way to ensure positive cash flow is to prevent payments from ever becoming overdue in the first place. This may sound like an impossible feat, yet it\u2019s actually very easy to achieve when you take on our outsourced credit management service. This involves our financial specialists assessing the risk connected to potential customers before you begin a working relationship with them. In addition, we recommend how much credit to extend to each customer, as some won\u2019t be able to afford as much as others.<\/p>\n
By investing in our credit management service, you also gain the statutory right to add late payment interest and compensation charges to any debts owed to your business. As a result, if a customer can\u2019t pay on time, you can add a little extra to their bill to make up for the inconvenience caused by their late payment.<\/p>\n
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If you\u2019re interested in finding out more about outsourced credit control for sole traders and SMEs, please call our Yorkshire office on 01482 235575, our London office on 0207 885 0605, or fill in our contact form<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" We\u2019re here to help you transform the way your business operates. In this series of guides, we\u2019re talking about how TreyBridge Accountants can save you time and money, ensure","protected":false},"author":12312793,"featured_media":8200,"template":"","know_how_category":[],"class_list":["post-8201","know-how","type-know-how","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/thebusinessculture.co.uk\/hey\/wp-json\/wp\/v2\/know-how\/8201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thebusinessculture.co.uk\/hey\/wp-json\/wp\/v2\/know-how"}],"about":[{"href":"https:\/\/thebusinessculture.co.uk\/hey\/wp-json\/wp\/v2\/types\/know-how"}],"author":[{"embeddable":true,"href":"https:\/\/thebusinessculture.co.uk\/hey\/wp-json\/wp\/v2\/users\/12312793"}],"version-history":[{"count":1,"href":"https:\/\/thebusinessculture.co.uk\/hey\/wp-json\/wp\/v2\/know-how\/8201\/revisions"}],"predecessor-version":[{"id":8227,"href":"https:\/\/thebusinessculture.co.uk\/hey\/wp-json\/wp\/v2\/know-how\/8201\/revisions\/8227"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thebusinessculture.co.uk\/hey\/wp-json\/wp\/v2\/media\/8200"}],"wp:attachment":[{"href":"https:\/\/thebusinessculture.co.uk\/hey\/wp-json\/wp\/v2\/media?parent=8201"}],"wp:term":[{"taxonomy":"know_how_category","embeddable":true,"href":"https:\/\/thebusinessculture.co.uk\/hey\/wp-json\/wp\/v2\/know_how_category?post=8201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}