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  • Small Business Finance - Information and guidance on how to finance your business.
    other sources to gather information on the company the authorised person s guarantor s and each director Carry out search of judgements registered Check if the information collected supports the credit and terms requested Be prepared to negotiate with the customer to ensure that where possible the credit you provide to customers is offset by credit you receive from suppliers Check the information given by or collected about the customer against the details on order forms or other documents from the customer 2 Clear payment terms and credit limits Once payment terms for a customer have been decided those terms should be discussed and agreed with the customer These should be confirmed in writing to and signed by the customer before trading begins and any orders are accepted The payment terms and conditions should also be clearly communicated to relevant employees to ensure that they stick to the terms when dealing with the customer It should also be recorded in any accounting software systems A business should also have standard payment terms that should be reviewed by a solicitor which can only be changed by an authorised person and clear guidelines for staff if a customer asks for more time to pay These standard terms should be reviewed on a regular basis as should any specific terms agreed with a customer Any contract with a new customer should also outline how the parties should deal with disputes and non payment See 5 Addressing non payment and bad debts for more details 3 Invoice for payment Asking customers for payment is a crucial step in credit management Businesses should avoid delays or problems in getting paid by following some key steps in invoicing Invoice immediately A business should issue an invoice as soon as the ordered goods or services are supplied The sooner you invoice the sooner you get paid Invoice accurately Disputes delay payment and can harm customer relations so it s important to get the details right first time Invoice with the details It s important to include all the details that the customer needs These should be agreed before the goods or services are ordered and include the purchase order number how and when delivery took place the details of the goods or services supplied the amount due and VAT details as well as the payment terms and methods available In order to manage invoice and customer management effectively a business should have accounting systems in place as well as a clear process for handling disputes and delays See also 5 Addressing non payment and bad debts or more details It is also important to keep the customer informed Issue monthly statements with all transactions with the customer recorded accurately including invoices payments and credit notes and making clear any outstanding amounts due to be paid 4 Working capital finance For a business to offer credit to its customers it must have affordable access to finance for that credit A business may also need working capital finance to

    Original URL path: http://www.smallbusinessfinance.ie/managing-your-finances/category/managing-credit-policy (2016-02-16)
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  • Small Business Finance - Information and guidance on how to finance your business.
    Citywest Dublin Regional events throughout the year More information Enterprise Start Finance for Growth Workshops Between February and December 2015 Enterprise Ireland is running a series of monthly workshops primarily for exporting SMEs which seeks to address the key issues facing the finance function in the current environment The objective is to demonstrate how financial information could be used to assist in strategic decisions that will help grow the business

    Original URL path: http://www.smallbusinessfinance.ie/managing-your-finances/category/notable-events (2016-02-16)
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  • Small Business Finance - Information and guidance on how to finance your business.
    Ups Day to Day Needs Invest Grow Innovate Grow International Business Managing Finances Home sitemap Site Map Start Your Own Business Overview Setting Up a Bank Account Business Finance Options Overview Equity Credit Overview Credit Options Government Supports Overview EU Funding Managing Finances Grow Your Business Overview Day to Day Needs Overview Credit Overview Credit Options Government Supports Own Funds Invest Grow Overview Equity Credit Options Government Supports EU Funding Innovate Grow Overview Equity Credit Options Government Supports EU Funding Develop Business Overseas Overview New Opportunities Overview Equity Credit Options Government Supports Own Funds Managing The Business Trade Payment Options Overview Cash in Advance Letters of Credit Collections Other Trade Finance Overview Credit Guarantees Bonds Credit Insurance Manage Your Finances Overview Managing Cash Managing Payments Managing Credit Overview Bank Credit Applying for Credit Government Credit Initiatives Agri Finance Social Finance Managing Credit Policy Financial Planning Dealing with Financial Difficulties Notable Events General Content Contact Us Frequently Asked Questions Tools Downloads Privacy Disclaimer Terms Conditions Latest Updates Sponsors Contact Us Frequently Asked Questions Tools Downloads Privacy Disclaimer Terms Conditions Latest Updates Sponsors Useful Links BASIS http www basis ie selfemployedsupports ie Citizens Information Board http www selfemployedsupports ie Department of Jobs

    Original URL path: http://www.smallbusinessfinance.ie/sitemap (2016-02-16)
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  • Small Business Finance - Information and guidance on how to finance your business.
    Start Your Own Business Grow Your Business Develop Business Overseas Manage Your Finances Most Popular Terms Applying for credit Government supports Equity Working capital Start a business Cashflow Business plan EU funding Financial difficulties EIB loans Exporting Financial planning Tools Downloads Quicklinks Select your option Business Plan Template Statement of Personal Net Wealth Template Integrated Financial Model Companies Integrated Financial Model Sole traders Partnerships Latest Updates Government publishes Action Plan

    Original URL path: http://www.smallbusinessfinance.ie/## (2016-02-16)
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  • Small Business Finance - Information and guidance on how to finance your business.
    Start Your Own Business Grow Your Business Develop Business Overseas Manage Your Finances Most Popular Terms Applying for credit Government supports Equity Working capital Start a business Cashflow Business plan EU funding Financial difficulties EIB loans Exporting Financial planning Tools Downloads Quicklinks Select your option Business Plan Template Statement of Personal Net Wealth Template Integrated Financial Model Companies Integrated Financial Model Sole traders Partnerships Latest Updates Government publishes Action Plan

    Original URL path: http://www.smallbusinessfinance.ie/### (2016-02-16)
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  • Small Business Finance - Information and guidance on how to finance your business.
    Start Your Own Business Grow Your Business Develop Business Overseas Manage Your Finances Most Popular Terms Applying for credit Government supports Equity Working capital Start a business Cashflow Business plan EU funding Financial difficulties EIB loans Exporting Financial planning Tools Downloads Quicklinks Select your option Business Plan Template Statement of Personal Net Wealth Template Integrated Financial Model Companies Integrated Financial Model Sole traders Partnerships Latest Updates Government publishes Action Plan

    Original URL path: http://www.smallbusinessfinance.ie/#### (2016-02-16)
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  • Small Business Finance - Information and guidance on how to finance your business.
    Start Your Own Business Grow Your Business Develop Business Overseas Manage Your Finances Most Popular Terms Applying for credit Government supports Equity Working capital Start a business Cashflow Business plan EU funding Financial difficulties EIB loans Exporting Financial planning Tools Downloads Quicklinks Select your option Business Plan Template Statement of Personal Net Wealth Template Integrated Financial Model Companies Integrated Financial Model Sole traders Partnerships Latest Updates Government publishes Action Plan

    Original URL path: http://www.smallbusinessfinance.ie/##### (2016-02-16)
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  • Small Business Finance - Information and guidance on how to finance your business.
    Start Your Own Business Grow Your Business Develop Business Overseas Manage Your Finances Most Popular Terms Applying for credit Government supports Equity Working capital Start a business Cashflow Business plan EU funding Financial difficulties EIB loans Exporting Financial planning Tools Downloads Quicklinks Select your option Business Plan Template Statement of Personal Net Wealth Template Integrated Financial Model Companies Integrated Financial Model Sole traders Partnerships Latest Updates Government publishes Action Plan

    Original URL path: http://www.smallbusinessfinance.ie/###### (2016-02-16)
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