Strategies to Improve Fee Collection and Cashflow
Duration: 1 hour
Price: R99.00
Strategies to Improve Fee Collection and Cashflow
Presenters : Tamryn Dicks
Overview
Poor cashflow is responsible for 82% of business failures, a reality that equally impacts accounting and tax firms. A significant amount of time is traditionally wasted trying to get cash into the bank account.
This session focuses on setting up simple yet highly effective fee collection systems within a practice. The goal is to ensure the firm always gets paid, and gets paid on time.
Video Content
The session covers the following key areas:
- The critical reasons why poor cashflow cannot be ignored.
- Why focusing directly on collections is the primary method to fix poor cashflow.
- The necessity of a formal fee collection system and the reasons behind its effectiveness.
- A comprehensive, end-to-end system spanning from invoicing to final collection.
- Practical tips to make the fee collection process faster.
- Practical tips to make the fee collection process more efficient.
- Strategies on how this system can be used to better serve clients.
Competencies Development
Participants develop skills and competencies in:
- Debt collection
- Client advisory in debt collection
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