Credit Control

Freelance Bookkeeping & Credit Control Services

Cash is already king, but with the rapidly changing landscape that we operate in, cash will become even more important. The Financial Times (London) recently reported that the length of time UK businesses are waiting to settle their bills, has increased by almost a week and a half since the start of the credit crunch (according to figures released by Experian). The average amount of time bills were paid after the agreed date, known as days beyond terms (DBT), was 25 days at the end of July 2008.

What does this mean for the business owner? There is less money being paid, so keep an eye on your debtors and chase your debts hard. However, this is often an area which is avoided by many business owners, which can have devastating consequences.

   

This is one area of business that should not be left to chance and The Local Bookkeeper will make sure that it's not, by:.

• Updating and reconciling your sales ledger and control account
• Reviewing your credit terms
• Producing an aged debtors report, to give an insight into monies which are overdue
• Sending out letters to outstanding debtors
• Chasing payments and posting payments
• Providing recommendations to clients when legal enforcement is necessary
• Providing up-to-date details on the situation

To help business owners of all sizes, The Local Bookkeeper has introduced a new fixed fee credit control service.   

The Local Bookkeeper is already revolutionising the bookkeeping industry and are now offering a number of innovative credit control solutions that complement The Local Bookkeeper’s current portfolio of services.

By offering a virtual credit control function, small businesses can avoid the costly hassles of employing a credit controller in-house, or passing the function to an untrained member of staff and can quickly and easily instruct The Local Bookkeeper to collect outstanding invoices. Then all you have to do is sit back and watch your clients pay promptly and your cash-flow drastically improve. IMPROVED CASH BALANCE

The Local Bookkeeper virtual service includes weekly status reports, dispute notification and access to credit management advice whenever you need it.

The Local Bookkeeper also offers bespoke company reports allowing you to check the financial health of your customers, competitors and suppliers and reduce your future exposure to bad debt and effectively safeguard the future profitability of your business.

You can have access to your very own experienced credit controller who will assist you ‘virtually’ with all your credit control needs. Every one of our team members is thoroughly trained and meticulously managed by an industry expert to ensure that their skills are up to date and you are provided with the best possible credit control service.

The Local Bookkeeper offers a number of highly affordable, complete credit control packages and we even offer you the chance to “Build your own” credit control function to ensure that our service exceeds your needs but remains firmly within your budget.

Think of us as an extension of your business, The Local Bookkeeper Credit Control service is a flexible resource that is here to improve your cash-flow and aid your business growth.