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🔑 The Key to Healthy Cash Flow: Why Bookkeeping and Credit Control Must Work Together 🔑

Sep 27, 2024

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💡Strong cash flow is the lifeblood of any business, and it all starts with good financial management. When bookkeeping and credit control are aligned, businesses have a clear view of their finances—helping them track payments, spot issues early, and minimize late or missed invoices. By keeping your books up to date and your credit control tight, you can avoid cash flow surprises and ensure timely collections, giving your business the stability it needs to grow. 💡


😳 It always surprises us, here at Debtorly, how often businesses ask us to do credit control for accounts where the bookkeeping is not updated - leaving us a bit red faced when speaking to customers 😳 


😍 🔢 Accurate bookkeeping provides credit control teams with real-time data to chase overdue payments and manage customer accounts effectively. This combined approach not only reduces risks but also creates a more agile financial system, helping businesses to stay competitive and thrive.🔢 😍 


At Debtorly, we specialize in connecting these critical financial functions to keep your cash flow healthy. 


🖥 📨 Learn more about how we can help at www.debtorly.co.uk 📨 🖥 


#debtorly #creditcontrol #cashflow #bookkeeping #SME #accountants #agencies #debtrecovery #outsourcing




Sep 27, 2024

1 min read

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15

0

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