Oliver Stich’s Post

A company’s image reflects its professionalism, but actions must back it up—especially when it comes to collecting payments. Many businesses hesitate to chase unpaid invoices, fearing it may seem too aggressive. However, failing to act can damage credibility. Here’s why: 1. Professionalism and Reliability Being prompt and consistent in financial matters shows that your company is organised and serious, fostering trust with clients and partners. 2. Mutual Respect Acting decisively on payments builds respect and sets expectations for accountability in the partnership. 3. Financial Stability Cash flow is vital. Being diligent about payments protects your financial health and ensures continued delivery of products or services. 4. Reinforcing Core Values Aligning your actions with your company’s values—like integrity and accountability—strengthens your brand. In summary, your image is only as strong as the actions behind it. Being firm on payments ensures you’re seen as a serious and dependable partner. If you want to be taken seriously, you must act seriously. Collect your money. Yourself, or with our help. GetPaid on Xero App Store https://buff.ly/3Xvl7Ox Any questions? Please feel free contact me on oliver@bizzctrl.com Oliver

💸 Fed Up with Financial Headaches? Let’s Simplify It! 🧠 Staying on top of finances is critical for your business’s success, but it doesn't have to be stressful. Payments, invoices, communications – they can all pile up and feel overwhelming. That’s where I come in! 👋 With my knowledge in systems like ServiceM8 and Xero, combined with a keen eye for detail, I’ve helped business owners like you regain control of their finances and enjoy peace of mind. 😌 Through personalised solutions and ongoing support, I'll help you streamline your financial processes, making your day-to-day smoother and stress-free. 📊✅ How nice would it be to know who owes you money, when they're due to pay, and that they will be chased if payments aren't made?! 😍 Ready to simplify your finances and take back control? Drop me a message to have a chat about getting your finances under control.  #FinancialManagement #VirtualAssistant #ServiceM8 #Xero #PeaceOfMind #BusinessSupport

There is no such thing as completely futureproofing your cash flow, but here are a few ways in which you can improve it in the short and longer term. 🙌 Instigate quick payment terms A sale is only really a sale when the money comes in! Keep payment deadlines short, and if possible, introduce a deposit up-front system. This way your clients are committed. Invoice quickly through systems like Xero and add payment links to your invoices. 🙌Add late payment fees Encourage prompt payment by adding payment. These should be clearly stated in your initial client engagement documentation and on your invoice with clear instructions of when late payment fees are incurred. Alternatively, as a ‘carrot’ – you could offer prompt payment discounts. 🙌Hold on to your cash Similarly, check the payment terms of your suppliers. Are you paying your bills earlier than required? Hold on to that precious cash as long as possible to keep your cash flow at its optimum. 🙌Review your spending Are you spending on outdated subscriptions? Are your insurance policies or phone contracts due for renewal? Shop around. 🙌Learn from history Have you noticed any patterns in recent years? Do you spend more during particular months of the year? Understanding where the pinch points are will help you ensure you have appropriate funds when you need them the most. The best tip we can offer, though, is to keep in close contact with your accountant. They'll help you understand your accounts and provide relevant, timely advice. #CashFlowAdvice #CashflowTips #NSAccounts

Ending what has been a challenging week at times on a happy note with this lovely testimonial from Rachel Weaven. Rachel was fun to work with, and she's really embraced the actions and activities we discussed. "Cash flow can be a struggle in any business but for me being just me it at times has been a massive issue and going from being employed and being paid every month it can be hard to juggle. I had one session with Nicki and she gave me some great advice on some small tweaks I could make in my Xero and in managing cash flow. I can honestly say it was a game changer for me and I would highly recommend Nicki, she’s so knowledgeable and helped me understand things in a simple language. Thank you Nicki!" If you can relate to Rachel's struggle, let's have a chat. A Cash Flow Focus Session may be just the thing to help you get back control of your cash. #cashflow #smallbusiness #gettingpaidontime #forecasting ---------------------------------------------------------------------------------- 👋 Hi, I'm Nicki Kinton, and I work with businesses to create predictable, positive, profit-generating cash flow. If you found this post interesting or useful and want to keep in touch:   🔔 Click on the bell 🔝 and follow my profile for updates   🔗 Let's get connected   🔬If your cash flow could use a boost, but you don’t know where to start, send me a message. 

There is no such thing as completely futureproofing your cash flow, but here are a few ways in which you can improve it in the short and longer term. 🙌 Instigate quick payment terms A sale is only really a sale when the money comes in! Keep payment deadlines short, and if possible, introduce a deposit up-front system. This way your clients are committed. Invoice quickly through systems like Xero and add payment links to your invoices. 🙌Add late payment fees Encourage prompt payment by adding payment. These should be clearly stated in your initial client engagement documentation and on your invoice with clear instructions of when late payment fees are incurred. Alternatively, as a ‘carrot’ – you could offer prompt payment discounts. 🙌Hold on to your cash Similarly, check the payment terms of your suppliers. Are you paying your bills earlier than required? Hold on to that precious cash as long as possible to keep your cash flow at its optimum. 🙌Review your spending Are you spending on outdated subscriptions? Are your insurance policies or phone contracts due for renewal? Shop around. 🙌Learn from history Have you noticed any patterns in recent years? Do you spend more during particular months of the year? Understanding where the pinch points are will help you ensure you have appropriate funds when you need them the most. The best tip we can offer, though, is to keep in close contact with your accountant. They'll help you understand your accounts and provide relevant, timely advice. #CashFlowAdvice #CashflowTips #NSAccounts

🌟 Are you spending hours on manual bank transactions? 🌟 If so, it's time to embrace a smarter way! 🚀 Xero's Bank Rules capability can be a real game-changer for businesses looking to automatically categorise and reconcile their regular transactions – yes, it really is possible! Xero’s Bank Rules are not just about saving time; they’re about accuracy and efficiency, especially for those recurring payments and income. 💼💡 At Lewis Brownlee, we’re passionate about empowering businesses like yours with tools that make a real difference. So, if you're looking for great ways to streamline your businesses' financial processes so that you can focus on growing your business, we'd love to partner in your success! 📈🌱 Let us join you on your journey to financial efficiency with Xero. Because when it comes to managing your business finances, it's not just about working hard – it's about working smart. #Xero #LewisBrownlee #BankingSimplified #BusinessGrowth #Efficiency #SmartAccounting

In this article, Xero shares a checklist of 10 tasks you should consider completing on a monthly basis to keep your business healthy. It does of course primarily focus on financial tasks, yet also shares some great ideas for maintaining customer relationships, marketing, backing up your data and reviewing business performance, which is of course something we can certainly help you with. Visit: https://lnkd.in/dufZgW4 to read the full article. 💭Would you add anything? #Finances #VirtualCFO #Motivation #FinanceMetrics #BusinessPerformanceReview

Accountants & bookkeepers! 📣 You asked? We delivered! This year, thanks to your suggestions to make FreeAgent work harder for you and your clients, we’ve officially ticked off some major updates and improvements on our 2024 to-do list ✅ Check out our blog to dive into some of the things we’ve achieved this year 👇

Accountants & bookkeepers! 📣 You asked? We delivered! This year, thanks to your suggestions to make FreeAgent work harder for you and your clients, we’ve officially ticked off some major updates and improvements on our 2024 to-do list ✅ Check out our blog to dive into some of the things we’ve achieved this year 👇

✅ 7 tips on how to keep accurate financial records as a business owner… Whether you are a construction business owner, landlord, property investor, or an entrepreneur, here are some useful tips to ensure your financial records are accurate and reliable to help you remain compliant: Establish Clear Systems: Set up clear and organised systems for recording all financial transactions, including invoices, receipts, and expenses. Utilise accounting software like Xero to streamline the process (We love❤ Xero!). Separate Business and Personal Finances: Keep your personal and business finances separate to avoid confusion and ensure accurate record-keeping. Open a dedicated business bank account and use it exclusively for business transactions. Record Every Transaction: Don't rely on memory or guesswork. This includes income, expenses, purchases, and payments to suppliers or contractors. Regular Reconciliations: Reconcile your bank accounts, credit card statements, and other financial accounts regularly to ensure that your records match your actual transactions. This helps identify errors or discrepancies early on. Monitor Cash Flow: Keep a close eye on your cash flow to ensure that you have enough funds to cover expenses and meet financial obligations (ideally you should be setting aside money for taxes and other payments in a separate account). Stay up-to-date with Tax Obligations: Understand your tax obligations and keep up-to-date with tax filing deadlines and requirements. Seek Professional Guidance: Don't hesitate to seek professional guidance from a qualified accountant or tax advisor. They can provide valuable advice, guidance, and support to help you maintain accurate financial records and make informed financial decisions. Follow and hit the 🔔 on my profile for more content like this -> Ahmad Abdul Qayyum #FinancialManagement #AccountingAdvice #FinancialRecords #CashFlowManagement