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ARTICLE · 14 DECEMBER 2016

Terms & conditions to improve business cashflow

Terms and conditions can improve communication between you and your customer and may also help get payments in quicker.

AustraliaAccounting and Audit

As 2016 draws to a close you might spend a bit of time reflecting on the year that was and what this means for your business.

Questions on your business growth and your bottom line might come up. If your accountant was not already on your back about it, questions on the amount of people and businesses that owe you money might also be raised. With January being a month notoriously bad for cash flow, such questions seem fitting as the collective value of monies that remain owed from within the last year, leave you unable to kick off the new year in full swing.

Whilst we can certainly help businesses recover debts, we also think it is worth looking into why there are so many debts in the first place. If you use materials or incur any fees in undertaking work for someone, it is vital that you at least obtain that amount upfront. There is nothing worse than not getting paid for a job and then having to satisfy your suppliers out of your own pocket. You should also

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