Credit Control and Credit Management
Cash is already king, but with the rapidly changing landscape that we operate in, cash will become even more important. The Financial Times (London) recently reported that the length of time UK businesses are waiting to settle their bills, has increased by almost a week and a half since the start of the credit crunch (according to figures released by Experian). The average amount of time bills were paid after the agreed date, known as days beyond terms (DBT), was 25 days at the end of July 2008.
- Updating and reconciling your sales ledger and control account
- Reviewing your credit terms
- 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
To help business owners of all sizes, The Local Bookkeeper has introduced a new fixed fee credit control service.
|
|
LOW USE
|
MEDIUM USE
|
HIGH USE
|
|
Price
|
£100 per month
|
£200 per month
|
£300 per month
|
|
Number of Invoices
|
Up to 40 Invoices or debts that are up to sixty days old per month
|
Up to 100 Invoices or debts that are up to sixty days old per month
|
Up to 160 Invoices or debts that are up to sixty days old per month
|
|
Number of Credit Reports (All completed within 24 hours)
|
Up to 2 Corporate Credit Reports per month
|
Up to 4 Corporate Credit Reports per month
|
Up to 8 Corporate Credit Reports per month
|
|
TLBK Collect
|
Included
|
Included
|
Included
|
|
A Tailored Collection Strategy
|
All customers receive a tailored collection strategy determined by our TLBKCollect.
|
All customers receive a tailored collection strategy determined by our TLBKCollect.
|
All customers receive a tailored collection strategy determined by our TLBKCollect.
|
|
Number of Collections Letters
|
Up to 2 Letters per Invoice per month
|
Up to 2 Letters per Invoice per month
|
Up to 2 Letters per Invoice per month
|
|
Telephone Collections
|
Unlimited
|
Unlimited
|
Unlimited
|
|
Facsimile Collections
|
Unlimited
|
Unlimited
|
Unlimited
|
|
Dispute Notification Service
|
Included, delivered in customer’s chosen format. I.e. email, letter or fax.
|
Included, delivered in customer’s chosen format. I.e. email, letter or fax.
|
Included, delivered in customer’s chosen format. I.e. email, letter or fax.
|
|
Account Status Reports (ensuring customers receive measurable results)
|
Included, delivered on a MONTHLY BASIS in customer’s chosen format. I.e. email, letter or fax.
|
Included, delivered on a WEEKLY BASIS in customer’s chosen format. I.e. email, letter or fax.
|
Included, delivered on a WEEKLY BASIS in customer’s chosen format. I.e. email, letter or fax.
|
|
24/7 Customer Support
|
Included
|
Included
|
Included
|
|
Expert Credit Control Advice and Support
|
Included, all of our customers can speak to our highly experienced Lead Consultant
|
Included, all of our customers can speak to our highly experienced Lead Consultant
|
Included, all of our customers can speak to our highly experienced Lead Consultant
|
*All prices are exclusive of value added tax of 17.5%
The Local Bookkeeper is already revolutionising the bookkeeping industry and are now offering a number of innovative credit control solutions that complement The Local Bookkeeper’s current portfolio of services.
By offering a virtual credit control function, small businesses can avoid the costly hassles of employing a credit controller in-house, or passing the function to an untrained member of staff and can quickly and easily instruct The Local Bookkeeper to collect outstanding invoices. Then all you have to do is sit back and watch your clients pay promptly and your cash-flow drastically improve. IMPROVED CASH BALANCE
The Local Bookkeeper virtual service includes weekly status reports, dispute notification and access to credit management advice whenever you need it.
The Local Bookkeeper also offers bespoke company reports allowing you to check the financial health of your customers, competitors and suppliers and reduce your future exposure to bad debt and effectively safeguard the future profitability of your business.
You can have access to your very own experienced credit controller who will assist you ‘virtually’ with all your credit control needs. Every one of our team members is thoroughly trained and meticulously managed by an industry expert to ensure that their skills are up to date and you are provided with the best possible credit control service.
The Local Bookkeeper offers a number of highly affordable, complete credit control packages and we even offer you the chance to “Build your own” credit control function to ensure that our service exceeds your needs but remains firmly within your budget.
Think of us as an extension of your business, The Local Bookkeeper Credit Control service is a flexible resource that is here to improve your cash-flow and aid your business growth.
The Local Bookkeeper Credit Control is Your Virtual Credit Control Function.
professional service by competent and qualified bookkeepers who are mostly members of the Institute of Certified Bookkeepers. This means you benefit from knowing our work is completed to the highest standards.