MG Bookkeeping Solutions

"Your customer doesn't care how much you know until they know home much you care " Damon Richards

" I am wasting 5 hours a week on Bookkeeping"

Have you ever watched celebrity chef Jamie Oliver prepare one of his ’15 minute” meals? He makes it look so easy, and it only takes him 15 minutes because he’s an expert, but have you tried making those meals yourself? I know I have, and they take me about an hour to prepare!

The same goes for bookkeeping. Doing your own bookkeeping takes time.

If you aren’t a professional bookkeeper, then chances are you are probably , it’s going to take you a whole lot of time to do it.

Let’s assume that you hired somebody to take over your bookkeeping… what would you do with that extra time that you’ve just freed up anyway?

Would you do things you enjoy with loved ones, or could you do other activities that you’re great at that contribute towards growing your business?

Tip : Hire an expert bookkeeper and save yourself a whole bunch of time and headaches.

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What's the best way to chase late payments?

Wouldn't it be nice if all invoices you issued are paid on time?

Your cash flow are accurate and you will be able to pay your bills on time also.

But unfortunately being paid on time 100% doesn't happen all the time.

Chasing money from customers can ba awkward...

But you can do are...

1. Send a gentle email reminder together with the invoice to be paid

2. Make a phone call when there is no response from the email you sent.
Remember be polite and be firm

3. Send a letter and Statement to their address. This way in case you need to pursue legal action. Hoping you didn't end up with this.

4. Consider factoring. Allow them to pay in longer term if their business is on bad situation.

I hope that you don't have to chase payments all the time by sending notice to your customer a week before their due date.

Always remember be human and emphathetic to your customer.