It might sound obvious, but one of the quickest ways to make a success of your business is to keep the money rolling in – that means remembering to invoice for your services or products.
You might be surprised to learn that as many as a fifth of SME owners report forgetting to invoice at some point in the past and this disrupts cash flow.
Developing a reputation for deferring on payments or failing to pay your staff because of poor cash flow will do nothing to help your business prosper.
Ensuring you invoice for your services is a manageable way of minimising that risk.
If you don’t stay on top of things, your clients will see no need to either and estimates suggest that this simple act of forgetfulness is costing UK business billions — so it’s worth doing properly!
With so much to keep an eye on we understand if can be difficult to keep track of, but with a tiny bit of added communication between you and your accountant, together you can ensure your business is kept in a good place.
If you’d like some assistance to keep things in check or some tips on invoicing efficiently do give us a call, we’d be glad to help.