Theme: The Finance Houses Refuse To help, A Small Firm Needs A Larger Firm To Pay A Late Invoice.
July 28, 2010These can be bad times for small companies trying to make it during the economic downturn even though the government says it is trying to help small companies. The financial institutions have been pressurised to help small companies with finance but up to now this has been in short supply, unlike the bonuses paid to top bankers. Given this situation, when a small firm finds that an bill sent to a large firm for which it has done work or supplied items, has now gone past the final completion date and still is outstanding. The small firm might have invoices of its own to settle, maybe tax invoices and the last thing a small firm wants is to get in the tax man’s bad books, for the spectre of the grim reaper with a winding up notice could be the stuff of nightmares. I hope that referring to “tax man” in the previous sentence does not offend the ladies for I am sure that there are enough female tax inspectors who may be only too pleased to use any tactics to get the revenue money.
The small firm might well be tight on funds or if they have previously used lawyers or Debt Collection agencies, they might be reluctant to pay the fees they charge, even if they are charged as a sacrifice from the final settlement. Even if the lawyers or Debt Collection agencies are specialised in business to business Debt Collection and their success rate is good, the fees remain the same.
For such a small firm an answer is out there but only if they are OK to put some time in themselves, the choice might be Debt Collection Software. For a cost of less than