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Cash Flow Worries

Hello, I’m Teresa noon from Indigo tax and accountancy limited cashflow is currently worrying many business owners, and therefore speeding up your debt collection could make a significant difference.

Make sure that you’ve got some processes in place to collect monies as soon as they fall due, and it’s a really good idea to have somebody within your organisation who is responsible for debt collection on a regular basis. Don’t be afraid to collect your debts, you’re not a charity. And there’s no point being in business if you’re not actually paid for the products or services that you’re supplying. You will hear many wonderful stories as to why clients and customers can’t pay you. The best one that I had was that a client had been bitten by a tarantula. They were in Australia though, so possibly that was true.

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