Most businesses extend credit to their customers and extending credit requires finance.
Unless a business has the cash flow to support the difference in timing between the cash it collects and the cash it has to pay out, it can be in trouble.
Detailed and accurate information about your customers will assist you when applying for external financing. Five tips about KYC process.
If you don’t raise an invoice, you won’t get paid. Invoicing should not be seen as a back-office administrative nuisance. Rather, it is a vital first-step in achieving healthy cash flow. Can you answer yes to all these questions? Do you raise an invoice immediately after you have supplied the goods or service? Do you […]
It’s better to know what to expect than to leave things to chance and wonder why the money hasn’t arrived later. Five tips about payment terms with your customer.