What do Bojko & Partners do for entrepreneurs
Financial administration/project administration
Your administration will be handled quickly and expertly by our employees to ensure that you can be supplied with up to date information at any time. At the same time we will take into account all the legal and fiscal rules while booking the administration.
Registration and tracking debtor and creditor administration
An important part of financial administration is the debtor administration. Debtors are customers who have been sent an invoice but who haven’t paid yet. They therefore have a sort short term debt with you for this amount. Debtors are more important than lot (usually starting) entrepreneurs realise. Approximately one in four bankruptcies happens because of a bad debtor’s administration.
Bills that are unpaid for a long time have a negative effect on the liquidity of a business. When bills get paid in time this will get the business money in the form of time and interest. Beside this you can really use the money for paying trade creditors and making investments.
Of course, we shouldn’t neglect the creditor administration either. Just like you, trade creditors don’t want to wait for their money. You have to honour the payment terms which you agreed upon. If you don’t, you’re running the risk of your trade creditors delaying or not even shipping your delivery which may possible have consequences for the way you do business. The extra costs for being too late on paying invoices will also pile up very quickly.
The advantages of a good debtor’s management policy:
- Continuity of your debtor management
- Shorter average terms of payment
- Improvement of liquidity
- A decrease of dubious debtors
- A decrease of open debts
- Professional approach of debtors
What can we as Bojko & Partners do for you:
- Create insight open items
- Create continuity in the management of debtors and creditors
- Reducing the number of open items
- Reducing the number of dubious debtors
- Mediate in a dispute or complaint