News and Blog

Things you can do to reduce your outgoings and help both your cashflow and profits

  • Posted on: 4 December 2020
  • By: ali

When the business owners I talk to ask me about increasing their profit, the one and only thing they focus on is sales. But there are other ways to increase profit and one of them, possibly my favourite, is to get control of and reduce the outgoings in the business. In fact, for some businesses, a focus on outgoings has saved them, and allowed them to thrive in better times.

If you’ve suffered a drop in turnover, due to Covid-19 here are some key things you should have in place now – please do not rely on guesswork or, even worse, bury your head in the sand!

Cash flow is the money that moves within your business each month – into and out of your bank accounts. When something stops that cash from moving it can have a negative impact on your business and a serious knock on effect to the people that they must pay. This may not be your fault.

Having a lack of cash is one of the biggest reasons that a business fails and must be shut down. Running out of money is the quickest way for a business to cease trading because there is not an adequate amount of financial reserves to turn to whenever there is a problem.

Cash Flow and Budget forecast – This is crucial in any business and especially during these uncertain times to show you the reality of your solvency position. You need to know where to put the focus in your business to get the income and profits you deserve. Do you know when you may hit your cash pain points? Another question I would like to ask – Will you survive or become insolvent?

Breakeven – Every business needs to know the level of sales necessary just to break even, knowing your direct, indirect, and capital costs and the amount you need to draw from the business to live.

Stop unnecessary payments, look at all your direct debits, standing orders and other regular payments. I am amazed at the number of business owners lose track of what some existing payments relate to, and when they check they realise a particular service is not being used or of benefit to their business anymore. My advice is to look and evaluate every standing order and direct debit you have coming out of your bank account, monthly, quarterly, and annually. Give notice on any service that you are paying for that is currently not relevant or of benefit to your business.

Job costing – There are several key things you can do here; Ensure you know every cost in detail involved in a job or service. Speak to each of your existing suppliers so that you both agree on the costs they will be charging you, are they giving you the right/best cost for the service or product you are receiving.

Purchasing/buying is a huge area where some businesses do not have control over their costs and not able to negotiate better costs. There are professional people that can help in this area procurement specialists can help save thousands of pounds in certain areas of your business especially in Manufacturing industries. I encourage you to have efficient use of spending resources: look at all your purchasing, utilities, office rental, telecoms/communication, software, and subscriptions to name a few.

Intelligent reporting – Having the above in place is one part of the process, the second is how you monitor, review, and know where to put the focus in your business and facing facts when making necessary key decisions. A Management Accountant makes use of the information provide by bookkeeping and is responsible for interpreting, classifying, analysing, reporting, and summarising the financial data. They will tell you about your business so you can make the right decisions to grow and at the very least survive.

If you don’t currently have an advise or wish to discuss your options on how to reduce costs and cash flow support measures to know where to put the focus in your business, I’m more than happy to help, please contact to arrange an initial free consultation.

Ali Wiltshire
Fiscal Business Services Ltd
01793 376570
07403 216682

Three new services to protect your business

  • Posted on: 4 November 2020
  • By: ali

Over the years I have constantly looked at ways to enhance and improve the service we offer here at Fiscal Business Solutions. This year particularly, I've considered how we can better protect your business, with services complementary to our core offering of bookkeeping and management accounts.

The three services I'm about to describe, I believe, can put a protective fence around your business, ensuring you are doing business with the right people, not giving too much credit, and with both legal and practical solutions if you ever need them.

Firstly, the foundation of all of the other services is client monitoring. Sometimes a client's situation will change without us knowing. A previously good client might experience financial difficulties, or have a change of ownership, or some other factor which affects their ability to pay. By having inside information, collected from a range of sources, we are able to offer our clients solid intelligence which can help them decide when not to extend credit, when to reduce the amount of credit offered and, of course, when it is safe and proper to give credit to a client.

Having real financial knowledge about a client, with monthly alerts should anything change, could make the difference to whether you get paid, or extend credit to a business which will never be able to pay. I personally analyse our monthly reports before I send them, explaining what the core information means.

From just £25 per month, plus VAT, you can have the peace of mind that you're doing business with the right people and that your invoices will continue to be paid on time.

Secondly, we now offer legal coverage and advice, for just a small monthly fee, through our partners Legal Shield. This means that as soon as alarm bells start ringing, or as soon as something happens in your life which could create you a legal problem, you have a lawyer to speak to, without amassing huge fees. From employment law to driving offences, Legal Shield will save you time, stress and allow you to continue to concentrate on your business, from just £19 per month. Just call us for more details, and how to sign up.

Lastly, our safety net. Should things not work out, for any reason, we can use our credit control experience to successfully collect any debt outstanding to your business. We act politely, assertively and professionally, with the same service you've come to expect from us, so that your invoice is paid and you retain your important relationship with your client. A bad invoice doesn't need to mean the end of a longstanding business relationship, we understand that and deal with your invoices and your clients with the utmost respect. Our fee will depend on the size and age of the debt, along with a few other considerations so please call us, in total confidence, if there is an issue you'd like to discuss.

As ever, we value your custom and want to offer our services to help your business thrive. To talk about any of this, or anything else, just call me, Ali, and we'll take it from there.

Ali Wiltshire MICM MICB
Fiscal Business Services Ltd

Tel: 01793 376570
Mobile: 07403 216682

COVID-19 update on new measures to help businesses through the winter

  • Posted on: 1 October 2020
  • By: ali

In recent weeks I’ve spoken to many business owners who are keen to make sure they get the appropriate support during these unprecedented times. One of the most common questions I am asked is around will the Coronavirus / Covid-19 Job Retention Scheme continue, or will there be anything to replace it?

October 2020 is the last month under the furlough government Contributions – Job Retention Scheme. Wage caps are proportional to the hours not worked.

Furlough Government Contribution Wages (CJRS):
60% up to a cap of £1,875 in October 2020

Furlough Employer Contribution Wages (CJRS):
20% up to a cap of £625 in October 2020

Last week on the 24th September 2020 the Chancellor introduced a new Job Support Scheme (JSS) to open on 1st November 2020 to help businesses and employees for 6 months through to 30th April 2021. Here is what you need to know, but please get in touch as it is vitally important to get it right.

 The Job Support Scheme is designed to protect viable jobs – where employees work at least 1/3rd of their usual working hours
 The new scheme is open to all SMEs and to larger firms whose turnover has been significantly impacted by COVID-19
 The hours they work will be paid by their employers at their full salary
 The burden of non-worked hours will be split between the employer 33.3%, the Government through wage support 33.3% (capped at £697.92 per month) and the employee through a wage reduction 33.3%
 Employers will not be permitted to make employees redundant whilst covered by the JSS
 Business do not need to have made any claims under the previous furlough schemes – it is unclear from which date they need to have been employed from
 Employers can claim the JSS in addition to the Job Retention bonus Scheme

Business owners will still need to have a plan in place to prepare them for the immediate time and the upcoming months. The scheme is welcomed, but it does transfer a larger obligation to the employer and leaves the employee with a higher percentage unpaid.
Job Retention Bonus

This is a one-off payment to employers of £1,000 for every employee who they previously claimed for under the scheme and who remains continuously employed through to 31st January 2021.

 Eligible employees must earn at least an average of £520 a month on average between the 1st November 2020 and 31st January 2021 (a total of at least £1,560 across the 3 months)
 Employers will be able to claim the Job Retention Bonus after they have filed PAYE for January 2021 and payments will be made to employers from February 2021.
 Employers will be able to claim for any employees that were eligible for the Coronavirus Job Retention Scheme and they have claimed a grant for (not eligible for the bonus if the claim for an employee was incorrectly made)
 Have up to date RTI records for the period to the end of January 2021
 The employee is not serving a contractual or statutory notice period, that started before 1st February 2021, for the employer to make a claim

HMRC Checks

 HMRC will check claims, payments may be withheld or need to be paid back if a claim is found to be fraudulent or based on incorrect information
 Employers must agree the new short time working arrangements with their staff, make any changes to the employment contract by agreement, and notify the employee in writing. This agreement must be made available to HMRC on request.

Other Measures Announced

 The extension of the Self-Employment Income Support Scheme (SEISS)
 The initial lump sum will cover three months’ worth of profits for the period from 1st November 2020 to 31st January 2020. A grant of 20% on normal monthly profits, capped at £1,875
 An additional second grant, which may be adjusted to respond to changing circumstances to cover the period from February to April 2021.
 Tax cuts and deferrals – The reduced VAT rate of 5% for the Hospitality and Tourism sector has been extended from 13th January to 31st March 2021
 Deferred VAT liabilities from last summer due to be paid in March 2021 can have the option to pay back in smaller 11 interest free instalments during the 2021-22 financial year.
 Increased flexibility on Bounce Back Loans with an extension of the repayment period from 6 to 10 years – this will cut monthly debt repayments. Interest only periods for up to 6 months and payment holidays will also be available to businesses
 Coronavirus Business Interruption Loan Scheme (CBILS) lenders will be able to extend the length of loans to businesses from 6 to 10 years.

If you have staff who are currently furloughed, and are unsure what to do next, it is essential that you take proper advice and carefully consider your HR plans and the financial impact of the additional payroll costs of this new scheme. If you don’t currently have an advise or wish to discuss your options and cash flow support measures to know where to put the focus in your business, I’m more than happy to help, please contact to arrange a free consultation.

Ali Wiltshire
Fiscal Business Services Ltd
01793 376570
07403 216682

What is the difference between a Bookkeeper, Management Accountant and a Tax Accountant?

  • Posted on: 5 August 2020
  • By: ali

I have realised over time that many people are unsure of the difference between a bookkeeper, management accountant and a tax accountant.

Bookkeeping and accounting may appear to be the same profession as they deal with financial data and are extremely important for every business and each have their own sets of advantages. There are some striking differences between them all.

To resolve this confusion, I have listed down differences between the 3 accounting functions including definition, objective and decision making

Bookkeeping is mainly related to identifying, measuring and is responsible for the recording of financial transactions daily and accuracy is vital to the process. You will know how much your debtors owe you, and how much immediate liability monies are due out to your suppliers, HMRC VAT if registered and PAYE.

The objective of bookkeeping is to keep the records of all financial transactions proper and systematic

Management cannot take a decision based on the data provided by bookkeeping as it is inconclusive.

Newer technologies have persuaded bookkeepers and accountants to be open to the technological advancements and explore emerging software options. Bookkeepers can support their clients through this change, presenting value-added services such as payroll processing, credit card reconciliation, etc. with the help of the latest software

A management accountant makes use of the information provided by bookkeeping and is responsible for interpreting, classifying, analysing, reporting, and summarising the financial data. They will tell you about your business so you can make the right decisions to grow your business.

The objective is to produce useful information for the company’s internal use. To encourage the business owner/managers to have strategic planning, help them set realistic goals and encourages an efficient directing of company resources.

A management accountant does preparations of a company's budgets and plans loan proposals.

A tax accountant will use the management account information and able to tell you how much tax you are liable for and give you tax advice. With timely and accurate management accounts throughout the year they are better placed to give you up front tax advice prior to your financial year end.

The objective is to ensure the business owner has the correct tax advice and disclose the company’s performance and financial health. To communicate the information to the relevant authorities outside the business like HMRC and Companies House.

Ali Wiltshire
Fiscal Business Services Ltd
07403 216682/01793 915050

How do I account for the Business Bounce Back Loan i receied?

  • Posted on: 28 July 2020
  • By: ali

The Bounce Back Loan Scheme has been a success in providing firms with vital government-backed loans at a low, affordable rate and with no interest or repayments due in the first year. Many business owners have applied and received loans of up to £50,000 to help them through the pandemic

One of the most common questions I am asked is ‘how do I account for the Business Bounce Back Loan I received? Here is what you need to know, but please get in touch as it is vitally important to get it right.

When you receive the money into your bank account you will be creating a debit/increase amount of the loan value, the double entry side of this money will be credited to a new Balance Sheet account called Business Bounce Back Loan. It is not revenue received and will not be treated as income it is known as a long-term liability account.
The length of the loan is 6 years, but you can repay early without paying a fee, and no repayments will be due during the first 12 months. If you’ve already received a loan of up to £50,000 under one of the other Government schemes you can transfer it into the Business Bounce Back Loan Scheme. You have until 4th November 2020 to arrange this with your lender.
The Bounce Back Loan money should not be used for Director Dividend payments
If you have not applied for the Business Bounce Back Loan and feel it would be useful to do so, please click on the link

Ali Wiltshire
Fiscal Business Services Ltd
07403 216682/01793 915050

How do the new furlough rules work?

  • Posted on: 22 July 2020
  • By: ali

Over the last few weeks, I have spoken to many of my clients and other business owners who are keen to get the appropriate advice and support on the furlough changes. One of the most common questions I am asked is around what the latest rules are and what can I claim for. Here is what you need to know, but please get in touch as it is vitally important to get it right.

Review the key things you should already have in place – do not guess or even worse bury your head in the sand. Review your cash position and know how profitable your business is right now and in the next couple of months to show you the reality of your solvency position. Ask yourself the question ‘Are you able to pay your liabilities and survive’? It is vital to know where you hit your cash pain points and your breakeven point.
Who and when are you and your staff working?

If you currently have employees on furlough from 1st July 2020 these are the changes. You can ease furloughed employees back to work part time as you are now able to include all full time and flexible furloughed employees in each claim.
You will no longer need to tell HMRC the start date of your claim. If this is your first claim in the month, the start date will be the 1st of the month. If this is not your first claim in the month, then this claim will start the date after the last claim ended.
You will not be able to make a claim that covers more than one month.
If you are making multiple claims in a month, each claim period must be at least 7 days long. If you are unable to make a claim of at least 7 days at the end of the month, then your claim must be split across the end of this month, and the beginning of the next month. In this case, you can make a claim for less than 7 days, but only if the claims are made in consecutive order. You can make multiple claims of 7 days or more within a month, but not the same or overlapping claim dates.
I am talking to all my clients early to submit any July 2020 furlough claims from today, 17th July 2020 to HMRC to enable them to receive the HMRC Job Retention Scheme grant, subject to checks by the end of the month to help with cash flow. My advice is to communicate with your Accountant or Payroll provider early to avoid making the wrong decisions.

Ali Wiltshire
Fiscal Business Services Ltd
07403 216682/01793 915050

The Coronavirus Job Retention Scheme is expected to formally wind down

  • Posted on: 24 June 2020
  • By: ali

The Government’s Coronavirus / Covid-19 Job Retention Scheme is expected to formally wind down from July as lockdown measures are eased.
Over the last few months, I’ve spoken to hundreds of business owners who are keen to make sure they get the appropriate support during these unprecedented times. One of the most common questions I am asked is around the Coronavirus / Covid-19 Job Retention Scheme.

Here’s what you need to know, but please get in touch as it is vitally important to get it right.

Business owners will need to have a plan in place to prepare them for reducing the current wage subsidy gradually and The Coronavirus Job Retention Scheme will close on 31st October 2020. From 1st July 2020 employers can bring furloughed employees back to work for any amount of time and any shift pattern, while still being able to claim CJRS grant for the hours not worked.

Furlough Government contribution: Employer NICs and pension contributions – Will pay only up to July 2020. From 1st August 2020 the employer will have to pay
Furlough Government Contribution Wages (CJRS):
80% up to a cap of £2,500 in July and August 2020
70% up to a cap of £2,187.50 in September 2020
60% up to a cap of £1,875 in October 2020

Furlough Employer Contribution Wages (CJRS):
10% up to a cap of £312.50 in September 2020
20% up to a cap of £625 in October 2020

The above percentages show Government contribution required employer contributions and amount the employee receives where they are furloughed 100% of the time. Wage caps are proportional to the hours not worked.
If you have staff who are furloughed, and are unsure what to do next, it is essential that you take proper advice. If you don’t currently have an adviser, I’m more than happy to help.

Covid-19 Financial help available

  • Posted on: 24 June 2020
  • By: ali

Now that many of you would have experience different degrees of business disruption and many have taken a huge financial hit. I have detailed below a reminder of what Government’s support is available.

Small Business Grant – Local Council
• Pay little or no Business rates (100% Small business relief)
• Rateable value before small business relief
o Up to £15,000 You will probably be eligible for £10.000 grant
o £15,001 up to £50,000 you will probable be eligible for £15,000 grant
• Must have an office, a UK Bank Account and provide company details and your Photo ID

VAT payments due April to June 2020 – Can defer up to 31 March 2021
• Cancel your direct debit in time prior to your VAT Submission
• VAT Returns must be filed on time
• VAT payments due April to June 2020 – Can defer up to 31 March 2021

Self-Assessment 31 July 2020 normal payment – Can defer up to 31 March 2021
• Must be up to date with your filing up to 2018/2019 Return

Self-employed business people – Can defer up to 31 March 2021
• If you are self-employed or a member of a partnership and have been adversely affected by coronavirus (COVID-19) find out if you can use this scheme to claim a grant
SSP – Employees off sick due to Covid-19
• SSP payable from day 1 – Minimum of 4 days to maximum 2 weeks

Furlough – Business affected by Covid-19 to keep employees and protect the UK economy
• Employer must have PAYE scheme in place as at 28.2.2020
• Employee must have been paid through PAYE as at 28.2.2020
• Any furloughed employee cannot work for this employer
• Each furlough minimum of 3 weeks – only exception is training
• Can be furloughed multiple times and by different employers
• Can back date to 1.3.2020
• Decide which worker, have a discussion with them and agree; must be confirmed in writing
• Keep records for 5 years
• Full time, part time, apprentices, flexible/xero hours
• Employee shielding – You cannot work due to high risk conditions
• Company Directors only when not working on revenue producing
• Directors Dividends not included
• Online portal open from 20.4.2020 and you must register
• 80% of growth salary including over time, commission Employers NIC and Pensions
• If different amounts worked on average 2019/2020
• Cap at £2,500 per month
• Must pay your employees the full grant received
• Not on discretionary bonus, salary sacrifice
• After the government ends the scheme you will decide on if your furloughed workers are able to return to work and if so carry on as normal prior to covid-19. If not redundancy rules
• All employment contracts must be followed
• May 2020 furlough claims submitted by 20th May 2020 if eligible will be paid out by the month end.

I know that so many business owners underestimate just how powerful proper, intelligent bookkeeping and reporting can be.

The people I work with are trained:

to understand their numbers, so that they can predict where their business is going, to get over any hurdles because they know they are coming, just like we have now; and to understand where to put their focus so their business makes the profit and income, they deserve

Here is another link you may find useful

Ali Wiltshire Fiscal Business Services Ltd 07403 216682

Common bookkeeping mistakes (and how to fix them)

  • Posted on: 30 December 2019
  • By: ali

Online bookkeeping software such as Xero, Sage One and QuickBooks have absolutely revolutionised bookkeeping for so many businesses. There is a danger though, that in making a lot of the traditional bookkeeping tasks so simple, they lead business owners to overlooking some parts of bookkeeping and accounting which are superficially similar but can have a huge effect on the ultimate profitability of the business.

It is absolutely vital to understand how everything should be recorded, and to ensure that everything is recorded correctly. Over the years I’ve been assisting business owners with their bookkeeping and accounts, I’ve come across some very common, and potentially damaging, bookkeeping mistakes, and have listed some of them below.

1. Revenue and capital expenditure will influence your profit and loss and balance sheet, if incorrectly treated your tax liability will be affected.
1.1. A revenue expenditure is assumed to be consumed within a very short period. An expenditure in the ordinary conduct and administration of your business. Example: rent,
salaries and wages, carriage on salable goods, office day to day costs etc.
1.2. A capital expenditure is assumed to be consumed over the useful life of the related fixed asset. Items that are bought to assist in the running of the business and will remain in
the business for a long time – generally for more than a year. Example: property, plant or machinery, office equipment, furniture and fixtures or motor vehicles etc.
1.3. A capital expenditure (Fixed Asset) will generate a revenue expenditure transaction in the accounts known as depreciation. You reduce the value of the fixed asset over an
agreed period

2. Paying yourself will influence your tax liability if treated incorrectly, and accounting laws and procedures must be adhered to.
2.1. A Limited Company is a separate entity and all finances belong to the company. You must follow certain procedures
2.1.1. Pay yourself a director’s salary through PAYE, you must register your company with HMRC
2.1.2. Pay yourself a dividend payment from available profits, you must be a shareholder. Available profits after Corporation Tax. You must hold a board meeting to ‘declare’ a
dividend, minutes must be taken and keep a dividend voucher to show details of the payment.
2.1.3. Take money out of a limited company as a director’s loan, either by lending money to your company or borrowing money from your company. If you owe your company less than
£10,000 you may have tax consequences if not repaid within 9 months and 1 day from the company’s accounting year end date. Your company will be liable to Section 455 Tax
at 25%. If you owe your company more than £10,000 you will have to declare the loan on your Self-Assessment tax return. The company will then have to pay additional
Section 455 Tax at 25%.
2.1.4. Take money out of a Limited Company as expenses. There may be times when you have paid for a business expense out of your own pocket, but you can reclaim this money
from your company by keeping the receipt and completing claim forms. These expenses can be reimbursed to you every month or at any other interval that is convenient. Every
year you should complete a form P11D to show how much you claimed in expenses and you must include the expenses in your Self-assessment tax return, otherwise, you will
be taxed on this money.
2.1.5. A Sole Trader and Partnerships will not be eligible to pay themselves through PAYE, when they take money out of their business it is accounted for in the Profit and Loss
(Revenue less expenses).

3. Underutilising your systems and reporting can be detrimental to your business; you may not be able to predict where your business is heading, and bad decisions are often made.
There are good online accounting systems, time and effort to understand what financial information is crucial for you to know about your business, you can set up your accounting
system to record the information useful to you. You may wish to ask to advise on what is available from your existing system, or maybe it is time to look at something new.
3.1. Different revenue groups for your goods or services
3.2. Costs incurred against each of your revenue groups
3.3. How much profit and money are you making on each of your revenue groups
3.4. No key performance indicators

4. Inaccurate and late accounts can have a catastrophic effect on your business, I have seen too many businesses either making incorrect decisions or no decisions quick enough, too
much money has been taken out of the business which they cannot afford or could have made capital expenditure decisions within a Company Tax Year that would have been more
tax efficient. Late account filing will incur additional costs in penalty fines. Know when your accounting filing deadlines are and ensure you keep accurate and timely records.

5. Leakages commonly happen when businesses continue to have one, many or all the following: -
5.1. Direct debit or Standing order payments paying for services you no longer need or have.
5.2. Not reviewing your costs and prices, not all suppliers will notify you of price increases, they just happen and not on your radar
5.3. Stock held for products to re sale, there is a danger of holding too much stock that is not moving quick enough to generate cash for you. Lead times for selling products can be
tricky to get the right balance.
5.4. Manufacturing raw materials wastage can be higher than you would like. Reviewing your order book and getting good prices on your raw materials to meet your gross profit
margins you require. How much off cuts will you be left with; can they be used on other jobs?
5.4.1 Work in progress (WIP) refers to partially completed goods that are still in the production process. The value of the WIP is typically measured at the end of an accounting period.
To assign a valuation to the amount that is on the production floor. Raw materials, labour and overhead costs incurred for products that are being manufactured.

I genuinely hope that this article is helpful. The list is by no means comprehensive, but in my experience, these are some of the most common mistakes. Importantly, if you are confused by any of the numbers in your business, or how you should account for them, it is vital that you seek guidance from your accountant or bookkeeper.

When should I send my invoice?

  • Posted on: 25 November 2019
  • By: ali
When to send my invoice - illustration

Over the years I’ve been assisting business owners with their bookkeeping and accounts, one of the most common questions I’ve been asked is “when should I send my invoice?”.

The people asking me usually to mean - should I send my invoice as soon as I’m contracted to do the work, once I’ve finished, or at some other point. The reality is, the answer often depends on what has been agreed between you and the client, but I’ve put together a best practice checklist of what you should do before you invoice, and what you should include on the invoice to ensure it gets paid quickly.

Firstly, if you invited to supply a quotation or estimate, you should always do the following:
Invitation to quote following discussions
1. Check their Company status – Sole Trader, Partnership, Limited Liability Partnership or Limited Company
2. Confirm their company name – e.g.: Blogs Limited or Blogs Limited Trading as Red kite Bathrooms
3. Ask for their Registered office address and company registered number if a Limited company or Limited Liability company. Company registered office number and if England or Wales
4. Do they have a separate trading and or invoice address?
5. What is the contact name, email and phone number of the person(s) wanting the quotation?
6. Understand your client’s invoice to payment process – who is responsible for authorising and making payment
7. Agree pricing and terms and conditions of trading. Short payment terms get you paid quicker

Any quotation itself should include the following:

1. Ensure addressed to the correct company name and address and have an expiring date if appropriate
2. Credit check the company you are proposing to do business with
3. Follow up with the person receiving the quotation to ensure you have managed and understood their expectations of the pre quotation discussions
4. Use quotation and invoicing sooner rather than later

1. When the job is completed
2. Ensure you have the correct company name and address
3. If you are a Limited company or Limited Liability company show your registered number and address on your invoice
4. Show your VAT registration number if registered on your invoice
5. List a due date
6. Include payment types accepted and your bank details
7. Consider late payment fees to encourage your clients to pay on time
8. Send invoices electronically
9. Follow up with the person receiving the invoice to ensure they are happy with the invoice and the goods or service you have supplied. This gives you a chance to clarify when the invoice will be paid