In these difficult times it is essential to keep a watchful eye on credit. Giving credit amounts to giving your customer a loan. Your customer knows this too and will take advantage of this interest free finance if he can get away with it. The current scarcity of bank finance makes this more commonplace. Remember that cashflow is the lifeblood of any business so it is essential that you manage your debtors efficiently and firmly. AGC Associates can help you do this by implementing credit control procedures and making calls / collecting on your behalf. This can save you time and put a "third party" between you and your customer which means firm, fair and dispassionate handling of your collections. We have extensive experience in this area.
We quote you a price for doing a job such as payroll, your year end accounts or your Vat returns. Note it carefully. You then may say to yourself “I could do that myself.” We agree, but with respect, that is not your area of expertise so you will probably take a bit longer than we will. I recently had a similar experience.
Joe runs a landscaping
business. He offers to cut your grass, using his sit on mower and quotes you
€30 for the job.
You could do it yourself with your ordinary mower and but it will take you
at least 3 hours of work time or 3 hours of your leisure time.
Just to ask yourself a simple question.
How much could I earn in three hours in my business doing what I do
best?
Answer: If it is more than €30 then get Joe to cut the grass and get on with what you are good at and make
some money.
Make the most of those
3 hours for your own leisure time to ensure you are achieving the right
work/life balance.
The potential savings from
doing the books yourself once a month or at the weekends are soon
outweighed by
the opportunity cost of not spending time focusing on your core
business, not
to mention the potential stress and strain when things fall behind.
A professional bookkeeping service is not as expensive as you may think,
especially when it frees up your time for work or family life.
Apply the SPIN method (Situation
Problem Implication Need):
-Situation: Self employed entrepreneur or owner of
start up has to use up some of his precious time to perform accounting
tasks/admin which is not part of his core business.
-Problem: Because he may not
be an expert, he takes up more time than is necessary, worse still, it eats
into his limited free time
-Implication: Core business suffers from lack of focus,
owner becomes frustrated at not being able to do his job and of wasting his
weekend, and not being able to finish the accounts/admin in a short time.
-Need: An
outsourced specialist who can do the non-core business tasks for him and
support him in the long run until the business is large enough to hire their
own full time accountant
AGC Associates is
currently working with a “Dragon’s Den” winner, providing accounting
support
and has recently taken over sales invoice processing, credit control and
the
formation of a limited company.
AGC Associates
currently provide bookkeeping services to Emagine Media Limited, a team of graphic design and web
developers in their premises and handle their credit control from AGC offices.
A small company
recently asked AGC to collect a number of accounts outstanding for over twelve
months. Settlement was negotiated with these customers and monies
collected.
AGC assisted a
company in presenting a pitch to a client for a major contract.
Another client engaged AGC to negotiate a
payment plan with Revenue for taxes due, and also to correspond with the local authority on a number of
issues
Joe runs a landscaping
business. He offers to cut your grass, using his sit on mower and quotes you
€30 for the job.