Xero Invoice reminders Sending Xero invoice reminders is a very useful tool if you’re using Xero accounting software. As a business owner, one of the most important aspects of managing your finances is sending and tracking invoices. This ensures that you get paid for the products or services you provide to your customers. However, keeping […]
Preventing bad debts from occurring should be a key consideration for any Business, large or small. 2024 is going to be a huge year for some small businesses with a ‘make or break’ attitude for many. Dealing with unpaid invoices and navigating debt recovery can be a significant challenge for both individuals and businesses. Being […]
In a world of fierce competition and uncertain economic conditions, small business owners face numerous challenges and one of them is tackling unpaid business debt. Financial stability is a crucial factor in the growth and longevity of a small business, underlining the importance of effective cash flow management and debt prevention strategies. The importance of […]
Debt Collection for Catering Supplies Companies In the catering supplies industry, maintaining a robust cash flow is crucial to ensuring smooth operations and business growth. However, many companies in this sector find themselves grappling with the issue of late or non-payment from clients, which can significantly impact their financial health. This article explores effective debt […]
Owed money from a dissolved company? Collecting a debt from a dissolved company can be a complex process. Very often, a company is closed because it is unable to pay its debts. Very often, the company will go into liquidation but not always. If a business owes you money and they have been dissolved, there […]
What can I do if a company in liquidation owes me money? When a company to which you are a creditor goes into liquidation, it can be a stressful and complicated situation. However, understanding your rights and the process of liquidation can alleviate some of this stress. This article aims to provide you with a […]
As a business owner, one of the most frustrating situations to deal with is a client not paying invoice. Unfortunately, this is a common occurrence in the business world and can create significant financial strain for small businesses. There are several reasons why a client might not pay an invoice. Sometimes, it is simply an […]
Directors Personal guarantee and Debt Recovery Limited Company Directors can routinely be required to provide a Directors personal guarantee. This is often used when securing a loan or various financial arrangements. In the event that the Limited Company goes into liquidation, the Director can be held personally liable for the debt. These are not used […]
Recovering debt from a Sole Trader Recovering debt from a sole trader is not straight forward. Very often a sole trader maybe using a trading name. They do not have limited liability as a Limited company does and therefore can be treated differently. Debt Recovery is a common challenge that many businesses face on a […]
What are Accounts Receivables? Managing accounts receivables is a crucial aspect of managing a business’s financial health. Accounts receivables refer to the money owed to a business by its customers for goods or services rendered. Efficient and effective management of accounts receivables ensures that a business maintains a steady cash flow, which is essential for […]