A procedure for a business with 30 day payment terms would be something like this:
We use Kashflow for our accounting software and this has sample letters within it which can be sent at the click of a button and also recording everything that has been sent.
If you’re not already following the above steps if you do introduce them will have a dramatic improvement on the cash flow and financial health of your business, but should you have done all of the above and you are still owed money don’t hesitate to take legal action.
Hope you've found this useful, please do feel free to share this if you think others would find this of interest. Or if you'd like to speak to us about how we can help with making credit control calls for your business give us a call Lynette on 01284 363463.
Member since: 10th July 2012
hello there, I am the owner of the Best of Bury St Edmunds and my aim is to keep all local people informed about the better businesses in our lovely town and make sure the businesses on this directory...