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Credit Control Southend on Sea
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Auto Enrolment - Southend on Sea
Credit Control is a vital part of running any business. However, finding the time in order to chase debtors can be very difficult for many small business owners. Many business owners work extremely long hours, with research pointing out that a fourth of all business owners work over 60 hours each week. However, at TFMC we can take that burden off you. Our Credit Control Southend Service can help you impose a correct credit control procedure in order to improve cash flow and the general financial health of your business.
WHY CREDIT CONTROL
Many owners of small businesses have decided to offer credit, in order to entice customers and improve sales. As a rule of thumb, you can expect an increase in sales up to 17% once you start offering credit to your customers, due to the fact that it is easier for potential customers to acquire your product/service. To add to that, you can get people talking about your product. However, there is a clear downside to this strategy.
Occasionally, a customer or two will miss a payment – which can happen. To add to that, the extra administrative work that comes with it is going to be very difficult to keep up with. Outsourcing your Credit Control Services could be very helpful in order to complete the moist
Our Credit Control Services Include:
- Establishing good credit control procedures
- Updating and reconciling your sales ledger and control account
- Reviewing your credit terms
- Running credit checks to assess potential or existing customers
- Deciding what credit to give a customer
- Producing an aged debtors report, to give an insight into monies which are overdue
- Sending out letters to outstanding debtors
- Chasing payments and posting payments
- Providing recommendations to clients when legal enforcement is necessary
- Providing up-to-date details on the situation
We offer a fixed fee service, which means that the size of your business does not matter – we help you gain control over your cash flow, despite the size of the project, or outstanding payments. A FREE no-obligation meeting could help us determine how we at The Financial Management Centre can help you and your business with Credit Control services. Contact us today through our contact form, and an adviser will contact you shortly to arrange an initial consultation. We look forward to joining your team!
Accountancy FAQ's
Tax and accounting can be daunting subjects for business owners. Below FAQ’s can help find the answers to the questions you may be asking.
Do I need an accountant?
By having an accountant, you will ensure that you do not put yourself at risk to the various HMRC penalties and end up having to pay interest that is charged for late registration, late submission of tax returns and late payments of tax.
How can an accountant help me?
As a business owner, your time is valuable and having the ability to spend your time on your business needs is important. By outsourcing to a qualified accountant you can do just that. Here at TFMC our qualified accountants can help you with Financial accounting and reporting, Auditing Preparation of tax documents, Management services and consulting, Financial analysis, Cash management
How much does it cost to have an accountant?
Looking after your business accounts is one of the most challenging parts to running your own business, and also one of the most important. Whether you are a sole trader, self-employed, small business, contractor or limited company TFMC can assist. Package prices vary so call our team today to find out more
Changrez Khan
Southend On Sea
Changrez is the owner and director of TFMC Southend-on-Sea. He is a Senior Financial Management professional with over 25 years of progressive experience. Changrez has a deep knowledge of accounting and finance with world class educational and professional qualifications. He is commercially focused and can add value to any enterprise t...
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Our Plans
All our packages are fully customisable and we offer a fixed price monthly payment schedule - no surprises! This gives you certainty and allows you to spread the cost across the year.
Essential
From
£75
Per month*
Our essential package is suited to all businesses who are looking to ensure compliance with reporting requirements.
Professional
From
£300
Per month*
Take away the burden of managing finances and start focusing more on your business by investing in our professional package
Ultimate
From
£750
Per month*
Completely outsource your accounts whilst still maintaining a close eye on company performance with our ultimate package
* Fees vary depending on the size and need of the client business. Packages can be tailored so please contact us to discuss your requirements.
How can we help you
We recognise that not all businesses are the same and will be at different stages of their development. We offer a wide range of services to small-to-medium-sized businesses.
Startup
Finding the right accountant to help you look after your new business's financial side is a key decision that could save you a lot of time and money.
Learn MoreSole Trader
Sole traders are independent business people with drive and ambition. It is important that you use a dedicated accountant who understands that.
Learn MoreLimited Company
Whether you are a small-to-medium-sized business or need a fully dedicated accountant to help meet the challenges faced by limited companies, we can help.
Learn MorePartnerships
Partnerships bring certain complexities, especially when setting up with family or friends. We understand partnerships and help you grow the business together.
Learn More
569 London Road,Westcliff on Sea,
Southend-on-Sea,
Essex,
SS0 9PQ