Many companies offer credit to their customers to boost sales. However, it is important as a company to know that cashflow is the most essential aspect of the business. So if you offer credit, but don’t have the correct collection procedure in order – your business will suffer. To add to that, many SME’s simply do not have the time to chase.
Luckily, at TFMC , we offer our Credit Control Farnborough Services. We have experience in maintaining strong credit control policies. This can help your company maximise cashflow and benefit in other ways – such as a smaller debt and an improved management system.
Our Credit Control Farnborough Services:
If you decide to contact us for Credit Control Farnborough, we implement a strategy mostly bespoke based on your needs and wants. There are multiple tasks and services we do usually include.
Preparing and processing sales invoices.
Setting up a co-ordinated plan in order to ensure invoices are kept together meticulously and quickly. We can help you set up a system in order to keep on top of sales and credit lines.
Updating and reconciling your sales ledger and control account.
Reconciling your ledger is the process of matching the amount open credit lines against the price of the product/service requested. Reconciliations can be seen as the main manner of validating your ledger.
Running Credit Checks:
We can help you run credit checks, and set up a review and rating system in order to process applications for credit. This includes deciding a credit limit for your customers, where applicable.
We understand that it can be a tiring process to chase customers who have an outstanding amount of credit to be paid. We can offer our services to help you chase these payments.
Recommending Legal Action where possible.
Occasionally, there are situations where clients do not pay their money back in time. We can help you make the most out of the issues dealt with.