Managing your clients’ payroll scheme helps to keep their cashflow under control but are they inadvertently jeopardising yours?
As a professional accountancy practice, you stick to a strict billing cycle for your PAYE service and rely on payments arriving promptly.
But how do your clients pay you? Standing Order? Cheque? Over the phone by credit card? And when? Yearly? Quarterly? Monthly?
This mixture can only be a recipe for late payments, compromised cashflow, wasted time and admin headaches. But there is a way to streamline this muddled payroll scheme picture with no fuss, no frustration and no financial upheaval.