All business owners know the pain of not getting paid from time to time even after you’ve done all the work, so it is important to understand that there are ways to ensure or even increase the chances of you getting paid. Our bookkeepers for small businesses in Sydney have some tips on how to ensure you do get paid.
Small business bookkeeping services in Sydney are the ones who look after all your accounts and manage your invoices, so that’s why we are giving you tips to ensure you get paid:
• Prior to any work being done, we recommend proceeding with a background check of your new client, to ensure that you will get paid
• Create and sign contracts with all clients or business partners where it involves money, as it protects you and your business
• Bill customers that are overdue consistently, keep on reminding them that they owe you money
• Don’t forget that the longer it takes for a customer to pay you, the higher your gearing ratio goes up, so the best thing for you to do after a certain amount of days is to go to debt collectors and get payment off your record
If you are ever having trouble setting up a scheduled invoice system, be sure to find the right small business bookkeeping company in Sydney that benefits you the best.
Don’t forget that you can always contact our bookkeepers for small businesses in Sydney with any enquiries that you may have.