Sollertia Blog

An accountant is often mistaken for someone who completes your tax return and prepares accounts. Although they do fulfil these duties, a reputable accountant can do far more for your business than your annual return. Outsourcing finance and accounting will leave you free to concentrate on other aspects of the company, knowing that everything is Read more

Cash flow is often said to be the lifeblood of a business. However, while a company may have a healthy profit, it’s no good without a steady stream of money coming in.

One of the biggest threats to Read more

Over recent years, the number of people working for themselves has increased significantly.

One thing that is essential is a Read more

Running a successful business takes a lot of work. However, as it takes strong accounting to ensure steady growth and increased profitability, working with a good outsourced accountancy service makes sense.

From bookkeeping to benchmarking against Read more

One of the main ways to encourage a customer to pay invoices on time is to make it as easy as possible to make a payment. Small businesses are often left waiting for payment for an average of 21 days, which has the potential to Read more

For any company that offers credit to customers, a strict credit control process is required. Part of this process is to check whether a customer is creditworthy, or to use credit checks to decide the level of Read more

If a business is experiencing difficulty with payment of invoices, the owner may decide to request payment in advance to reduce the risks of not being paid for goods. This is another potential solution for reducing the Read more

The credit process works well in practice, with customers purchasing goods or services on credit. They pay their invoices within the agreed time limit and you use the money to pay your suppliers or to pay for other Read more

Efficient credit control is crucial for a healthy cashflow, enabling you to pay your suppliers, employees and other debts on time. Debtor days are related to the length of time a debt remains unpaid by your customers. The aim should be Read more

One of the most common problems experienced by businesses is late payments. Clients not paying their invoices promptly can cause problems with cashflow, potentially damaging the company. There are a number of ways to reduce the Read more