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Payment terms - commonly used invoice payment terms and their meanings
Payment terms and conditions used on invoices including Bill of Exchange, CIA, CBS, COD, EOM, NET 30 and Net 7.
VAT details to include on invoices
VAT-registered businesses must include extra information on invoices, such as identifying numbers and VAT paid.
Understanding depreciation of assets
The value of assets falls over time and can be written off in accounts spreading the cost over several tax years.
Taking court action to collect debts
Taking court action to collect debts.
Taking non-court action to collect debts
There are a number of ways of collecting a debt without having to go to court.
Claiming debt recovery costs on debts and payments
Your legal right to claim debt recovery costs from customers who pay late.
Advantages and disadvantages of using a debt collection agency
Using a debt collection agency could help your business but there are also some possible disadvantages to consider.
What is equity finance and is it right for your business?
Work out whether equity finance can provide the finance you want for your business.
Advantages and disadvantages of factoring
Factoring boosts cashflow but there are costs and it brings a third party into the relationship between you and your customer.
Recourse factoring and non-recourse factoring
In certain circumstances, a factoring arrangement could involve the factor taking on the risk of bad debts.
How factoring works
Factors advance money to cover invoices and you repay an agreed percentage and fee.
What makes a business suitable for factoring?
Criteria that make your business eligible for factoring.
Advantages and disadvantages of equity finance
Discover the benefits and drawbacks of the use of equity finance or share capital in your business.
Secure equity investment: six top tips
Top tips on securing equity investment for your business.
Alternatives to equity finance
Loans and government support are possible alternatives to equity finance.
How to choose a factor or invoice discounter
Find a list of providers to choose from but examine them carefully and get personal recommendations.
Export factoring
Avoid currency fluctuation and invoice problems when exporting, minimise bad debt risk with credit protection.
Supplier finance
Benefits of supplier finance or reverse factoring to buyer and supplier.
Distance selling
The rules and regulations on distance selling (eg phone, mail order, online) and how to do it effectively.
Commercial dispute resolution: common contractual clauses
Examples of common contractual clauses that may be included between businesses.