Critical numbers – Debtor days

Critical numbers – Debtor days

How long is it taking you to get paid? How do you measure this? What strategies can you adopt to get paid faster? Debtor days is used to measure, on average, how long your customers take to pay you. While there are many complex formulas to accurately calculate this, a...
Collect your debtors faster

Collect your debtors faster

Did you know that you still have to pay tax on your debtors, even if you haven’t yet collected them? This is because you pay tax on your sales figures, whether you’ve collected the cash or not. So, how do you collect your debtors faster? Agree your payment terms at...