Free cash flow guides

The government has formally launched a new campaign to help small businesses
tackle the issue of cash flow with a series of free self-help guides developed in collaboration with the Institute of Credit Management (ICM).

Grouped under a series entitled ‘Managing Cashflow’, each of the guides provides a checklist and tips to give businesses advice ‘at a glance’. According to Philip King, director general of the ICM: “They cover a diverse range of subjects all with the principal objective of getting paid. These include guides on negotiating payment terms, invoicing, chasing payments, factoring, credit insurance and what to do if a customer goes
bust.”

The 10 guides in the series are:
1. Knowing your customer
2. Payment terms
3. Invoicing
4. Treating suppliers fairly
5. Credit insurance
6. Factoring and finance options
7. Chasing payment
8. When cash runs short
9.  When all else fails
10. When your customer goes bust

The guides are available online at www.creditmanagement.org.uk/berrguides.htm