Late Payment Charges: The Rules for UK Businesses
Late payments can be a difficult subject to get a handle on. Although the late payment legislation laid out by the government is relatively straightforward, there can still be some confusion about when a payment is specified as being late, how much can be claimed back and what form that compensation would take..
5 common late payment excuses (and how to handle them)
Late payment of invoices can have a severe impact on your business’ cash flow. Take a look at our 5 most common excuses for late payment, and how to resolve them.
Cash Flow Management for Small Businesses
Good cash flow management is essential to any business. Our downloadable pdf guide includes advice and practical tips on everything from creating a cash flow forecast to how to chase late payments.
Getting Your Invoice Right
Learn how to write an invoice and get yours right! Easy guide to the invoice information that is legally required, essential, and recommended best practice.
How can I recover debts without alienating valued customers?
It is best practice to stop late payment happening in the first place by ensuring that you have a robust credit control process in place..
Credit Control Frequently Asked Questions
How to Claim Statutory Interest on your Debts
The late payment of commercial debts is a problem that affects many businesses. It can have a negative effect on their cash flow and their productivity.
How to Recover Debt from Outside the UK
When you are chasing a late payment, it is difficult enough to deal with customers in the UK, let alone those located around the world. Different languages, laws, payment regulations and customs combine to make these situations much harder to resolve..
How to spot a bad debt before it happens
One of the biggest killers of a business’s time and resources is the chasing of debts, especially when the customer who owes them hasn’t got the means to pay. This is extremely frustrating, especially when you believe that they are willing to pay and capable of doing so.
How to tackle a disputed invoice
Getting paid is one of the biggest challenges a small business faces – when the smallest delay can turn a positive cash flow into a negative one, accounts departments have to chase up late invoices as soon as they become late
Can directors be held liable for a limited company’s debts?
Although you’d hope it would never come to pass, many limited companies end up becoming insolvent due to incurring amounts of debt that are greater than the sum of their assets. Can their directors be held personally liable for the situation, though?
What Options are Offered at County Court for Recovering Business Debt?
Taking a person or organisation to court is a serious step, and one that you should only use when you genuinely feel that you have no other choice..
Brexit result a windfall for businesses with debts abroad
If you’re selling products or services abroad the unexpected EU referendum result, and currency fluctuations that followed, could work to your advantage. Discover how the EU referendum result affects your overseas debts, and how to take advantage.
