Category Archive: Credit Control

Why should you have terms and conditions in place?

Why do I need T’s and C’s? Every company needs some form of agreement to provide a product or service to a customer. These are usually called Terms and Conditions however you may see them called Terms of Use, Terms of Reference or Terms of Acceptance, which generally mean the same thing. They’re all documents […]

Can I update my existing terms?

As a business owner or employee, from time to time you might need to change your terms of business and/or the contract your clients agree to when they are using your products and services. This might be because: You want to change your payment terms, e.g. from a one-off payment to monthly billing. You want […]

Is your contract delaying your ability to raise an invoice?

This is an interesting question to answer as it doesn’t apply to all businesses and obviously doesn’t apply when payment is taken up front. However, there are some cases where you’ll provide a product or service to a client but for various reasons, you can’t invoice them straight away, this is normally because there’s something […]

DIY Terms: 6 Things to check before writing your own terms

Having Terms is a key part of your business and while I’d always recommend you get them professionally written, I know there are a lot of businesses, often start-ups, who copy and paste their Terms from other companies. It’s absolutely fine to write your own Terms, but here are 6 things to be aware of: […]

How Much Does A Contract Cost?

The cost of a contract can vary from company to company. It depends what clauses you want to include, what laws apply to your company, what you want your contract to cover and how you intend to use it. What are you paying for? When pricing a contract, you’re paying for consultation time, knowledge and […]

Are you getting a percent of money up front? If not, why not?

They say “Cashflow is King” and it can really help to get some, or all, of your money up front from your customers. This means you can run your own company smoothly, without worrying where the next penny is coming from. It’ll make life less stressful and allow you to focus on what you do […]

What Details Should I Include On My Invoices? 8 Top Tips

To make sure you get paid for the products and services you’re selling, it’s really important to have the correct details on your invoices. If anything on your invoice is wrong your customer may delay or withhold payment until it is fixed. The second most important thing is to actually raise the invoice and send […]

5 ways to tell if your business is taking over your life

Do you spend every waking moment thinking about your business; the work you do, daily challenges, not to mention the time spent running the operational side of things. Putting work first is one of the downsides we face when running a successful and growing business. Although your family and friends support you to the end […]

How can you increase your cashflow on blue Monday?

Christmas has been and gone, the decorations put away and everything looks bare and empty. The weather’s cold, drizzly and the mornings are still dark and gloomy. If you turned on the radio or seen any online news today, you probably know today is Blue Monday; the day in the year when we’re supposed to […]