10 ways to speed up payment

Cash is king. The majority of businesses that fail do so because of cashflow issues.

Question:
What are the 3 most important things in business?

Answer:
Cashflow, cashflow, cashflow!

Cash flow is the life blood of any business and more businesses go bankrupt because they fail to keep the cash flowing than fail for any other reason.

The Inland Revenue and HM Customs are now much more aggressive in chasing monies they think are owed to them now that they have lost their privileged creditor status.


Insolvency

A company or business is insolvent if they cannot pay their creditors as the invoices fall due.

In order to avoid this happening you need to ensure that you get paid on time by your customers so that you in turn can pay your suppliers when their invoices fall due.

So what are the 10 steps you can take: click here.


www.ukba.co.uk