“Cash is King” is a famous saying in business. One of the reasons for this is that cash can become lost to unpaid sales invoices. This can lead to cash flow difficulties, imposing restraints on business growth and ultimately impact profitability. Certax Accounting has access to several methods, procedures and third-party partners that offer solutions to this type of problem.
Having the right software to identify cash flow situations early is the first step in minimising and avoiding difficulties that may arise later. Producing customer documentation, such as sales invoices and statements identifying the terms of the sale, can also help to reduce cash flow problems.
Certax Accounting has many partners, including sales factoring agents, legal facilities, debt recovery services and credit check facilities, which can help your business manage your sales ledger and avoid unnecessary cash flow problems.