22
SEPTEMBER 2014 PRO INSTALLER
PRO NEWS
www.proinstaller.co.uk
HOW GOOD IS
YOUR CREDIT
CONTROL?
Now that the last Bank Holiday before December has passed, Danny
Basden suggests this is the time to get your credit control in good order.
As we approach the
most difficult part of
the year for cash flow,
what we do now will
determine the financial
affairs of many companies over the December
holiday shutdown.
Companies in this industry
have many diverse methods of credit control, from
using a family member,
right through to a bespoke,
well-managed highly-organized finance department.
The larger company finance
departments will have an
accountant-based head to
oversee the different areas
of responsibility, which generally comprise of purchase
ledger, sales ledger and
credit control.
This area of every company should be given some
priority if we are to maximize the revenue streams
during this notoriously
difficult period.
The general consensus
in the UK is that a number
of businesses, particularly
those who have the traditional December closure,
will have extreme financial
pressures e