Dealing with a customer who has gone into liquidation or closed their business while owing you money is one of the most challenging situations a business can face. Unfortunately, it’s not uncommon, and the consequences can be severe—impacting your cash flow, profitability, and even the overall sustainability of your business. However, with the right strategies in place, you can minimise the risk of finding yourself in this difficult position.

Dealing with a customer who has gone into liquidation or closed their business while owing you money is one of the most challenging situations a business can face. Unfortunately, it’s not uncommon, and the consequences can be severe—impacting your cash flow, profitability, and even the overall sustainability of your business. However, with the right strategies in place, you can minimise the risk of finding yourself in this difficult position.

Find out what we’ve been up to in August at Know-it!

Dealing with a customer who has gone into liquidation or closed their business while owing you money is one of the most challenging situations a business can face. Unfortunately, it’s not uncommon, and the consequences can be severe—impacting your cash flow, profitability, and even the overall sustainability of your business. However, with the right strategies in place, you can minimise the risk of finding yourself in this difficult position.

Here’s what you should include in your invoice, along with tips on how to write it to make it as complete as possible.

Chasing invoices is essential to maintain a consistent and proactive approach to ensure timely payments and healthy financial operations. But how do you know when to start chasing invoices? And how often should you be chasing your customers for payment? While the frequency of chasing invoices may vary depending on your business and clients, we have a suggested plan which works very well for our clients. 

Find out what we’ve been up to in August at Know-it!

In this blog post, we will explore how Know-it can help bring order to your accounts receivable process, leading to improved cashflow, stronger customer relationships, and overall business success.

Welcome to the month of August!  The Scottish sunshine may have been hiding this summer, but it hasn’t stopped us growing our team and platform!  Read all about what we’ve been up to in July! The Know-it Team is Growing! July was a month of growth at Know-it, with three new members joining our team!  …

Know-it July Roundup🚀 Read More »

We are excited to announce the appointment of Jordan Renwick as our GroupChief Technical Officer. We sat down with Jordan for a quick chat to learn more abouthim and why he wanted to be a #knowitall Welcome to Know-it! Tell us a bit about yourself Sure, I’m a local, born and raised just outside Glasgow.I’ve …

Get to “Know” Jordan Read More »