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Invoice Correctly to Avoid Dealing With Debt Collection Agencies

Here at Access Credit Management we see quite a few invoices from small and large businesses here in the UK and we have some advice for you if you’re a small business owner. Invoicing correctly can make a real difference to whether or not you get paid quickly and without any problems. Some invoices are really good with all the correct information on them but there are others with practically no information on them other than the amount of money due.

Charging Orders - The Lowdown

If you've raised a County Court Judgement against a sole trader or an individual debtor and they have still not paid then the next step could be to ask the court for a Charging Order to be raised against the debtor. A Charging Order, in English law, is an order obtained from a court or judge by a judgement creditor by which the property of the judgement debtor in any stocks or funds or land stands charged with the payment of the amount for which judgement shall have been recovered with interest and costs.

How to Get Your Customers to Pay Monthly

Any successful business owner knows that having sufficient working capital can be a constant challenge that keeps us on our toes.  It’s a simple fact of life that as a business expands it uses more and more of its cash and working capital.  As more clients or sales come in, cash and capital are usually soaked up by the higher inventory requirements and/or more employees which other expenses and investments grow. 

Help for Heroes - Our Way of Helping

While most of our blog posts deal with the subject of finance in some way or another, today we want to blow our own trumpet a little bit while raising awareness for a very worthy cause that we at Access Credit Management are proud to support.  Most of you will have already heard of Help for Heroes (H4H), the British charity that was launched in 2007 to help provide better facilities for British servicemen and women who have been injured or wounded in the line of duty. 

How to Handle Late Payments

If you own a business then keeping on top of your finances is essential.  A healthy cash flow is vital for a healthy business so you need to make sure that your customers or clients pay as quickly as possible.  However, it’s sometimes the case that payments are late and the first thing to do is to send an email to remind the customer.  After all, one late payment could easily be an oversight and you’ll probably get an apologetic email in return and the amount due will be settled forthwith.  The sooner you get in touch with the customer to work out the payment arrangement t