Covid-19 (Coronavirus) Update

Coronavirus is having a huge impact on all sectors of business. Despite this, businesses are still having to manage their books, file VAT returns, run payrolls and most importantly their credit control processes. TFMC is continuing to provide our full range of services through this difficult time. For the latest information and support visit our Blog section or use our app with regular updates sent direct to your phone.

Credit Control services Southend on Sea

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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!

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 the financial side of your new business is a key decision which could save you a lot of time and money.

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Sole Trader

Sole traders are independent business people with drive and ambition. It is important that you use a dedicated accountant who understands that.

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Limited 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.

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Partnerships

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.

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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*

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Our essential package is suited to all businesses who are looking to ensure compliance with reporting requirements.

Professional

From

£300

Per month*

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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*

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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.