Category: Improve Your Cashflow & Business Performance
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Avoid insolvency
A business is insolvent if it doesn’t have sufficient assets to cover its debts, or it is unable to pay its debts as and when they are due. If you monitor your business’ actual performance against your budget and the cashflow forecast regularly, this will give you an early warning of potential problems. You can then…
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Ensuring customers pay you on time
There are various ways of encouraging your customers to pay on time. However, despite your best efforts, you may find that some still end up paying late. If this happens, you should contact the customer in question to try and resolve the issue and review your procedures to reduce the possibility of others paying late…