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Integrate your credit control

On February 24, 2016, Posted by , In News, With Comments Off on Integrate your credit control

Business debt online can connect up your accountancy software to our online credit control system. Regularly we integrate the following accountancy systems:- Xero Xero is a New Zealand-based software company that develops cloud-based accounting software for small and medium-sized businesses. The company has offices in New Zealand, Australia, the United…

mobile business debt recovery

On February 24, 2016, Posted by , In News, With Comments Off on mobile business debt recovery

With the onset of large numbers of people now using phones and tablets to browse the internet, collecting debts has certainly entered the debt collection world. A variety of apps for mobiles to assist in the collection of debts. mobile business debt recovery chase debtors late payment calculator late payment…

Credit Control

On January 26, 2016, Posted by , In News, With Comments Off on Credit Control

Credit control is the system used by a business to make certain that it gives credit only to customers who are able to pay, and that customers pay on time. Credit control is part of the Financial controls that are employed by businesses particularly in manufacturing to ensure that once…

Late Payment Calculator

On January 22, 2016, Posted by , In News, With Comments Off on Late Payment Calculator

Attempting to calculate the late payment interest and late payment compensation that you are allowed to charge a debtor, due to not paying within the agreed payment terms, can be quite time consuming. To help, we have created the Late Payment Calculator. Please give it a try!

30 Days Payment Terms

On January 18, 2016, Posted by , In News, With Comments Off on 30 Days Payment Terms

Ensure you have included in your terms and conditions, payment terms to all your customers stating how many days payment is due from the invoice date. Typically, 30 days is given as payment terms and conditions. So an invoice raised/dated on the 10th January 2016 is due to be paid…

Business Debt Recovery

On January 15, 2016, Posted by , In News, With Comments Off on Business Debt Recovery

Many businesses suffer with lack of cash, which can mainly be down to their credit control procedures. Business Debt online can help you recover your customer debt in a more timely manner. Business debt online can carry out a sales ledger audit, to identify any areas which can be improved….

Minimise the risk of a bad debtor

On January 15, 2016, Posted by , In News, With Comments Off on Minimise the risk of a bad debtor

Too many times, a business takes on a new customer without doing any background checks at all. To minimise the risk of gaining a bad debtor you must at least carry out the following tasks:- – To complete a credit application form. – Carry out a credit check to consider…

Late Payment Demand Letters

On January 13, 2016, Posted by , In News, With Comments Off on Late Payment Demand Letters

Invoices that are past their due date can be chased using a payment demand letter. A payment demand letter is typically the last resort before court action is pursued. In our experience, well over 93% of debtors who recieve a payment demand letter clear the full debt quickly. Under the…

Money back with Research and Development Tax Credits

On January 6, 2016, Posted by , In News, With Comments Off on Money back with Research and Development Tax Credits

Research & Development (R&D) tax credits are a government tax incentive set up to give innovative companies money back for any costs they have incurred in this area of their business. Essentially, they are the Government’s way of rewarding businesses that are developing new, or appreciably improving existing, products, processes,…

Make a Statutory Demand as a last resort

On January 5, 2016, Posted by , In News, With Comments Off on Make a Statutory Demand as a last resort

You can make a statutory demand against an individual or business. However, we would suggest to use this method of collecting unpaid debt as a last resort. Especially if you want to do business with the individual or business in the future. To file a statutory demand:- 1. First complete…

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