Are debtors your focus in the lead up to Christmas?

Are debtors your focus in the lead up to Christmas?

Christmas trees are appearing in shops and soon it will be a tirade of end of year events, public holidays and office closures, shortly followed by the start of a new calendar year. Add all this together and it can have a significant impact on your business cash flow. Let’s step through why you should be working to clean up your debtors now and how SmartFee can help.

Cash Flow – The Facts

The Australian Small Business and Family Enterprise Ombudsman’s latest ‘Small Business Counts Report 2019’ makes a few things clear when looking at cash flow and late payments. Small businesses are needing to plan for receiving payments late and believe it impacts their revenue opportunities.

Why you should be looking at your debtors

The SmartFee monthly payment option can free up valuable cash flow for your client whilst ensuring you get paid on time. Not only does this reduce your valuable resources and time spent on chasing payments, it all comes with no cost to your firm. SmartFee offers your business the chance to finish the calendar year with minimal debtors and to start 2020 with a healthier cash flow.

SmartFee can also be used as a payment option for clients who prefer to be invoiced for services in advance. This allows your clients to plan and ensure they have access to your services when they need it, whilst knowing their payments beforehand.

With the upcoming public holidays, office closures and expected quiet times, it is ever important to ensure your business is still generating revenue. Whether you have completed general or more specialised services, it is important to review your debtors now and take action to prevent any issues leading into the quieter times and new year.

With a dedicated Client Relationship Manager and an accessible team that are proud to be client relationship driven, getting your clients signed up for the monthly payment option for professional fees has never been easier. Contact the team today on 1300 723 243 or email [email protected]. See how other professionals use SmartFee by visiting smartfee.com.au.