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Business Advisory

Collect your debtors faster

Posted by: Glenn Sharp on

Did you know that you still have to pay tax on your debtors, even if you haven’t yet collected them?

This is because you pay tax on your sales figures, whether you’ve collected the cash or not.

So, how do you collect your debtors faster?

Don’t procrastinate on your debtors. Establish clear payment terms and ensure you stick to them.

“It’s the squeaky wheel that gets the oil.” – Anon

Need help developing your Debtor Management Policy? We can help…get in touch!

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