Credit Application

Being able to offer your customers credit: be that 7, 30, 60 days is a major attraction to all customers in business. Offering credit is a sign of success. A sign of competence to undertake a job, finish that job to a standard, and then get paid.  This sounds great, but!

For every £100 written off in bad debt, on average, sales of £1,000 are needed to cover that debt. Write off £1,000 - that's sales of £10,000!

What you need to do, is to set up every new account using a simple, professional system and procedure. Business owners looking for easy credit know the difference between a supplier with credit knowledge and those without. Those without: beware.

Available Forms & Letters within the Financial Business Management module

BizStart24 provides all the forms and letters required to set up a new account and deal with the credit application yourself. BizStart24 will take you through the Credit Application, the Bank Reference and how to apply the results, obtaining a Trade Reference, and more... 

When you have finished the first stage, BizStart24 has ready made 'Terms and Conditions of Sale' (or Service), which include a choice of clauses: 'Cash Discount', 'Retention of Title', together with the standard 'Payment Period', 'Law', 'Late Payment', 'Notification of Queries' plus a choice of your own.

If your customer wants all documentation in the name of their company, but you want them to be personally liable, use the BizStart24 Guarantee. If you want a director of a company to guarantee their company's payments, again, use the BizStart24 Guarantee. If a limited company wants credit from you, but you have doubts about their new company, get a 'cross company guarantee' by using the BizStart24 Guarantee.

Finally, if you want regular payments from your customers, use the BizStart24 Standing Order Mandate to set up the payments.

BizStart24 - Accounts & Sales Package - Forms & Letters

You want an invoice without accessing an accounts package... You want a monthly statement without updating your sales figures... You want a credit note without the need to understand accounting requirements… You want a quote, a non-vat receipt, a pro-forma, and much more... All documents have sequential numbering, and can be set at any number at any time. You can enter the gross or net figure – BizStart24 will do the rest.

BizStart24 - Cash Collection by Proven and Successful Overdue Letters

Have you wondered how debt agencies and solicitors easily recover outstanding debts? The answer: powerful arrears letters. You can now have access to the most effective letters available. The letters range from mild reminders to no nonsense demands, written in 'plain English'. The next time a customer does not pay you; you will have the knowledge and the tools to react immediately and successfully.

BizStart24 - Setting Up New Accounts and Credit Applications

Giving credit to customers is a risk. Customers who use credit know the difference between a supplier with great credit skills and those with little credit knowledge. Suppliers without a credit package suffer needless bad debts. Build and maintain your credit skills now with Credit to Cash! You can now issue a credit application, a bank reference, a trade reference, issue your customers terms & conditions of sale/service agreement, ask for a company, personal or director guarantee, a standing order mandate, and much more...