A company credit card can offer various benefits for businesses of all sizes, provided they are used responsibly and managed effectively. Here are some of the advantages of having a company credit card: Separation of Business and Personal Expenses: One of the primary benefits of a company credit card is the clear separation of business…
Certainly, there are several benefits to not having a credit card. While credit cards can be valuable financial tools when used responsibly, they are not for everyone. For some individuals, avoiding credit cards can lead to greater financial security and peace of mind. Here are some of the benefits of not having a credit card:…
Buy now, pay later loans have been around for many years, but recent deals have been accused of pushing young consumers into unaffordable debt. Buy now, pay later credit allows consumers to acquire items without paying for them upfront, instead they spread the cost over a set period of time. Sometimes referred to as shop…
The government are introducing new policies to tackle the UK’s late payment culture which contributes to thousands of SMEs going out of business each year. Shocking information releasedby Bacs Payment Scheme Ltd shows that small UK businesses are facing a bill of £6.7 billion (an average of £9,000 per business) just to collect late payments…
Did someone once say ‘a successful business always collects its payments on time’? If they didn’t, then we’re saying it because collecting payments when they are due is essential to maintaining cashflow in a business. Here are out top tips to make sure you start the year of right. Keep detailed records about your customers…
There is a certain amount of comfort to having larger business clients you tend not to get from dealing with smaller more volatile businesses. This often comes from the false belief that this sort of client is too big to fail. Unfortunately, this belief can be misplaced leading to complacency and lack of planning for…
Sometimes customers decide not to pay, sometimes even if they have always paid on time before. When this happens it can be frustrating and time consuming trying to find out what might have gone wrong to cause them not to pay and then more time chasing the payment. Sometimes it could be all due to…
December can be a difficult month for businesses, particularly when those businesses are shut down over the Christmas period. If cashflow is an issue, then it is usually the end of the year when the effects are being felt most keenly. So what can be done to make this Christmas a little easier? The most…
