Recent research (East & Partners) shows that the average SME waits for up to 56 days to receive their payments for services that they provided or products that they’ve delivered. Almost twice the recommended payment time of 30 days.
Let me introduce you to the world of Hi I’m Sally. It has all started a long time ago. In 2001 to be specific.
In 2001 at the age of 21, I moved from Germany to Ireland. A year prior I finished my degree in Business Administration and after a few contract jobs, I thought it would be a good idea to get some international work experience. The one part of my apprenticeship that I always liked was accounting, and accounts receivable in particular.
5 signs that show that you have a Cash Flow problem. 1. Unfortunately, not uncommon, you were not able to pay yourself or your staff a set amount of money every fortnight/month. 2. You always aim for new business to pay off older debts. 3. You maxed out, or at least paid parts of your […]
Reduce your risk of outstanding debts. Be smart when taking on new customers. SME Debt Collection – 7 tips for 2019. Hi, I’m Sally offers Accounts Receivable Services to SMEs, SOletrader, Owner or Freelancer.
According to the Australian Business and Family Enterprise Ombudsman 90% of small business owners fail due to a poor cash flow. There are other factors contributing to the failure but a lack of cash flow is the most significant one. However, if you live by some basic rules you’ll be able to maintain a healthy cash flow. Hi, I’m Sally Money Chasing Made Easy