Tax and Business
Models (673)
Economic value added calculatorIf your business has generated growth for the year, even beating budget or last year's total, your fellow managers may be feeling very satisfied. But does this mean that the company has added value for its shareholders? ... Read more
02 Jan 2013
Staff time analysisIn a perfect world, sales and customer-facing staff would spend 100% of their work time generating revenue for your business. But this isn't possible in the real world. A costed snapshot of time spent on non-revenue generating acti... Read more
02 Jan 2013
Flash reportYou prepare monthly management reports, but in fast moving times how can you deliver key financial indicators quickly so that your board can make critical decisions in a flash?What is a flash report?Management reports in most companies wo... Read more
02 Jan 2013
Debtor days incentive scheme Whilst larger debts are being actively pursued, the level of older debts can build up. Incentivising your sales ledger staff to keep debtor days down to an acceptable level can save you having to intervene. Introducing a ... Read more
10 Dec 2012
Credit controller job descriptionsIf your company is looking to take on a credit controller/finance assistant, you need to think carefully about your requirements. As these positions vary considerably, start by drafting a job description that suits yo... Read more
10 Dec 2012
Sales credit note reportRather than your department repeatedly issuing sales credit notes for the same types of problem, the key is to focus on fixing the root cause processes that are creating the issues. This should significantly improve your compa... Read more
10 Dec 2012
Debtor days calculatorAs the accountant you will be interested in any amounts due from customers that are well past due in your debtors' ageing report. However, the board prefer to look at key figures. One of these is debtor days, i.e. how long it tak... Read more
10 Dec 2012
Telephone scripts for credit control Nobody likes to make telephone calls chasing money, but in today's economic climate it has to be done. So how can you make sure your calls are professional, effective and help build on the relationship you already ... Read more
10 Dec 2012
Letter chasing payment before legal actionLate payment by customers is just one of the problems an accountant has to face. Fortunately, there is a way to wake up the people who owe you money, and get them to do something about it.Last chanceMost busi... Read more
10 Dec 2012
Payment reminder letterThere's nothing wrong with expecting to be paid for goods or services that you have supplied, and all businesses should understand this fact. However, if your customer hasn't paid you, the normal procedure is to send them an effe... Read more
10 Dec 2012
