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Owed £500 or less?
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Posted on January 21, 2008, 08:32:46 PM
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William Alexander provide support to individuals, sole traders and organisations to recover overdue invoices. Payments become late because there is no credit control policy in place or a failure to implement the policy. A consistent approach should be taken to ensure your sales staff, cashier/accounts department and your customers are aware of your policy. We can provide credit control documents, credit application forms and credit checks to help minimise the risk to your company together with correctly worded Terms & Conditions.
Formation of Contracts and Incorporation of Terms & Conditions
The basis of nearly all debt recovery cases is contractual. In other words, there is a contract between the creditor and the debtor. That contract will very often not be in writing. So what sort of terms & conditions might you wish to seek to enforce against your customer? The most common would be terms about the date by which payment is due and provision for interest on overdue accounts. Other common standard terms relate to Retention of Title and Limit of Liability.
We can review your current Terms or provide new Terms specifically tailored for your business. We research your markets, your competitors, and any Acts relevant, for example Consumer Credit Act 1974 or Data Protection Act 1998. We sit with you to understand your business and the products/services you provide and tailor your Terms & Conditions to your requirements. We also explain your clauses to allow you to answer any questions from your client. By having correctly worded Terms & Conditions, you establish a clear relationship right from the start.
Kashflow
Make bookkeeping easy with Kashflow, the accounting software for small businesses. Please click http://www.kashflow.co.uk/register.asp?code=AFF2100590 for a free trial.
- Incredibly easy to use
- Available for you to try right now at no risk
- Is designed for non accountants to use
- Offers free support and upgrades for life
- Incredibly popular with small businesses and start ups
- Affordable
William Alexander are licensed under the Consumer Credit Act 1974 No 580920 and registered with the Data Protection Act 1998 No PZ9376844