overdue customer invoices?

outsource bookkeeping

We had a client call us that had a large number of overdue customer invoices. This was causing cashflow problems and in turn making them late payers to their suppliers also they needed the cash to grow the business. They had a debtor day metric of 147 days. After we were approached to help and agreed to set a goal to get the debtor days below 100 days within 4 months!

Working with the client we set up some strong KPI’s (Key Performance Indicators) to get these overdue customer invoices down and inject some cash back into their working capital, by month 3 of our credit control program we had the debtors days to 87 days by month 4 we had reduced this even further to 72.

Today they have increased their sales by 20% with no additional funding and their debtor days are at 43 days. Supplier invoices are paid on time every time and in some cases, because they are now good payers, had their credit limit extended.

If you are in a similar position then look no further, TreyBridge are here to help. Contact us for more information, you never know this could be you in 3 months time.

wehavemoved

We Have Moved

We are excited to announce that our team has moved to a new location in Anlaby. Our old office served us well, and we made

Read More »
digital tax

Digital Services Tax

From April 2020, the government will introduce a new 2% tax on the revenues of search engines, social media platforms and online marketplaces which derive

Read More »
autumn

Newsletter Subscription

Sign up to our email newsletter to receive a Monthly Update of the latest news, events, tax and accountancy changes.  For personal updates follow us on Twitter

Read More »
VAT help

Help with VAT return?

With one of the biggest changes to accounting just around the corner, those who need to comply with Making Tax Digital (MTD) have been left

Read More »

Leave a Reply

Your email address will not be published. Required fields are marked *