It’s important when entering into a new or renewed commercial lease that you review all terms and conditions and fully understand where responsibility for certain aspects of the building, property, and lease lies. Opting to lease a commercial property is a significant decision, investment, and commitment, so it’s vital that you understand all key areas of the lease. Working as B2B debt […]
Invoice reconciliation is a method of controlling and managing your finances, and most importantly, ensuring that you are up to date with collecting outstanding invoices. However, for invoice reconciliation to be effective, there must be robust processes and procedures in place for the credit team to follow and adhere to. In this post, we look at […]
An individual voluntary arrangement is often considered a flexible solution to help you manage outstanding debt issues. An IVA is a legally binding arrangement/agreement between creditors and debtors. As a professional business debt collection agency with years of experience behind us, we would always recommend gathering as much information as possible on all debt solutions. There are […]
Also known as a DRO, a Debt Relief Order is an arrangement that a debtor can apply for to help support them with repaying their debts. This is typically for debts up to the value of £50,000, which the debtor is no longer able to pay. There are qualifying rules and criteria that the debtor […]
Depreciation and amortization are two important accounting terms that help to provide financial insight and clarity on a business’s current financial position. Both of these terms recognise that the business has incurred an expense and, as such, this should be recorded. However, the expense comes without the associated cash flow; i.e., these are recorded as non-cash flow transactions. […]
Businesses face a lot of challenges. One of the biggest? Managing day-to-day cash flow and ensuring the company stays on top of its finances. This means ensuring that you continue to keep your business in a profitable position, avoiding insolvency and, in worst-case scenarios, liquidation. As a leading debt recovery agency, we understand these challenges, and […]
In its simplest form, a supplier invoice is a sales invoice that is issued by the business that has supplied the goods or services to the customer who has taken receipt of these. Invoices are a vital part of running a business. They are the key piece of information that helps your business to ultimately […]
Could a subscription model for your invoicing be the best option for you? Helping to keep your revenue flowing, avoiding overdue invoices and late payments, switching to a recurring billing system can provide you with numerous benefits. In fact, recurring billing can be a lifeline for subscription businesses. In this post, we explore `what is […]
Do you know how much your business income really goes to taxes? Do you have the income to pay tax bills when they arise? Do you monitor and calculate your effective tax rate to help you manage your finances and cash flow more effectively? Your accounts department has a lot to report on and data […]
In their simplest form, when we look at quotes and invoices, we understand that both play a vital role in credit control and management; one, the quote is sent to a customer before work begins, outlining goods and services and a breakdown of costs, and the other, the invoice is issued when work is completed […]