Starting up in business
Creditcontrol
The issues to consider when starting up in business.
More businesses run into trouble from slow-paying customers than from lack of demand — profitable on paper, but short of cash because invoices sit unpaid. Good credit control means setting clear payment terms upfront, checking a new customer's creditworthiness before extending credit, and following up on overdue invoices promptly and consistently rather than hoping they'll settle themselves.
It also means knowing when to say no — walking away from an order rather than taking on a customer who is unlikely to pay. We help clients put a credit control process in place that protects cash flow without damaging customer relationships.
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Office
484 Alcester Road South, Birmingham, England, B14 6EP
Enquiries
info@kingsaccountants.uk