If anybody owes you money, then today, which is Friday 28 September, would be a good day to send them a statement to remind them of the fact. This is just a statement which you are entitled to send: it is not a threat.
The Cheque Run round about Tuesday 25 September 2018
It is quite common to invoice a customer with terms of “30 days or net monthly account”. Small customers will be expected to pay within 30 days, while large customers will be expected to pay at the end of the month following the month of the invoice, so an invoice sent in August 2018 would be settled by 30 September 2018.
Large companies do it this way because they may receive several invoices from a supplier, and will want to settle all of them with a single payment when they do their computerised cheque run. It would therefore be a good idea for the supplier to have sent a statement at the start of September listing all outstanding invoices. Typically the cheque run would be about the 25th of the month, which is the date of this posting. If you give credit and have debts to collect, then you might like to have a discussion with us. Most accountants are also general business advisers as well.
The “net” in “net monthly account” has “nett” as an alternative spelling.
The Cheque Run round about Friday 24 August 2018
It is quite common to invoice a customer with terms of “30 days or net monthly account”. Small customers will be expected to pay within 30 days, while large customers will be expected to pay at the end of the month following the month of the invoice, so an invoice sent in July 2018 would be settled by 31 August 2018.
Large companies do it this way because they may receive several invoices from a supplier, and will want to settle all of them with a single payment when they do their computerised cheque run. It would therefore be a good idea for the supplier to have sent a statement at the start of June listing all outstanding invoices. Typically the cheque run would be about the 25th of the month, which is near the date of this posting. If you give credit and have debts to collect, then you might like to have a discussion with us. Most accountants are also general business advisers as well.
The “net” in “net monthly account” has “nett” as an alternative spelling.
Is Artificial Intelligence a Threat to Jobs?
The short answer is yes it is. If we have an OCR system for scanning bank statements which allows an accounts clerk to be four times as productive say, then apparently three out of four accounts clerks will no longer be needed. We can make a number of observations on this :
Should we carry on working in pounds, shillings and pence? Should we come to work on horseback? Should we use candles or gas lighting? This author still owns an abacus, a slide rule and a set of log tables, but no longer uses them.
Politicians use printers to produce their manifestos. Just think about all the monks they have put out of work.
Everybody wants a continually-improving standard of living, and raising the productivity of labour is an essential part of this. In the short term this means shakeout in some industries, but in the long term everybody benefits.
If everybody is getting auto-enrolled pensions, then they need to be more productive to compensate their employer for the extra cost and bother. There’s no free lunch here. OCR can help.
It is human nature to resist change, even in accountancy where things tend to keep changing all the time. OCR is just another change.
This author would have recommended gradual change, which was always possible, but other people stuck their heads in the sand and resisted all change. Revolution it’s going to be.
The Cheque Run round about Wednesday 25 July 2018
It is quite common to invoice a customer with terms of “30 days or net monthly account”. Small customers will be expected to pay within 30 days, while large customers will be expected to pay at the end of the month following the month of the invoice, so an invoice sent in June 2018 would be settled by 31 July 2018.
Large companies do it this way because they may receive several invoices from a supplier, and will want to settle all of them with a single payment when they do their computerised cheque run. It would therefore be a good idea for the supplier to have sent a statement at the start of June listing all outstanding invoices. Typically the cheque run would be about the 25th of the month, which is the date of this posting. If you give credit and have debts to collect, then you might like to have a discussion with us. Most accountants are also general business advisors as well.
The “net” in “net monthly account” has “nett” as an alternative spelling.
The Cheque Run round about 25 June 2018
It is quite common to invoice a customer with terms of “30 days or net monthly account”. Small customers will be expected to pay within 30 days, while large customers will be expected to pay at the end of the month following the month of the invoice, so an invoice sent in May 2018 would be settled by 30 June 2018.
Large companies do it this way because they may receive several invoices from a supplier, and will want to settle all of them with a single payment when they do their computerised cheque run. It would therefore be a good idea for the supplier to have sent a statement at the start of June listing all outstanding invoices. Typically the cheque run would be about the 25th of the month, which is the date of this posting. If you give credit and have debts to collect, then you might like to have a discussion with us. Most accountants are also general business advisers as well.
The “net” in “net monthly account” has “nett” as an alternative spelling.
The Cheque Run round about 25 May 2018
It is quite common to invoice a customer with terms of “30 days or net monthly account”. Small customers will be expected to pay within 30 days, while large customers will be expected to pay at the end of the month following the month of the invoice, so an invoice sent in April 2018 would be settled by 31 May 2018.
Large companies do it this way because they may receive several invoices from a supplier, and will want to settle all of them with a single payment when they do their computerised cheque run. It would therefore be a good idea for the supplier to have sent a statement at the start of May listing all outstanding invoices. Typically the cheque run would be about the 25th of the month, which is the date of this posting. If you give credit and have debts to collect, then you might like to have a discussion with us. Most accountants are also general business advisors as well.
The “net” in “net monthly account” has “nett” as an alternative spelling.
The Cheque Run round about 25 April 2018
It is quite common to invoice a customer with terms of “30 days or net monthly account”. Small customers will be expected to pay within 30 days, while large customers will be expected to pay at the end of the month following the month of the invoice, so an invoice sent in March 2018 would be settled by 30 April 2018.
Large companies do it this way because they may receive several invoices from a supplier, and will want to settle all of them with a single payment when they do their computerised cheque run. It would therefore be a good idea for the supplier to have sent a statement at the start of April listing all outstanding invoices. Typically the cheque run would be about the 25th of the month, the date of this posting. If you give credit and have debts to collect, then you might like to have a discussion with us. Most accountants are also general business advisers as well.
The “net” in “net monthly account” has “nett” as an alternative spelling.
The Cheque Run round about 26 March 2018
It is quite common to invoice a customer with terms of “30 days or net monthly account”. Small customers will be expected to pay within 30 days, while large customers will be expected to pay at the end of the month following the month of the invoice, so an invoice sent in February 2018 would be settled by 31 March 2018. Large companies do it this way because they may receive several invoices from a supplier, and will want to settle all of them with a single payment when they do their computerised cheque run. It would therefore be a good idea for the supplier to have sent a statement at the start of March listing all outstanding invoices. Typically the cheque run would be about the 25th of the month, or this March the 26th, the date of this posting. If you give credit and have debts to collect, then you might like to have a discussion with us. Most accountants are also general business advisors as well.
Auto Enrolment rates increase on 6 April 2018
Auto enrolment pension scheme contribution rates will increase in the week including 6 April 2018. Employers will need to contribute at least 2% of wages, and employees will need to make up the difference so total contributions are at least 5%. Employees will normally pay 3% and employers will normally pay 2%.
Contributions need to be increased for the full pay period which includes April 6, even if some of the period fell before April 6.
Rates will go up again next year to a total of 8% of wages. Obviously we are now talking serious money. The 1%-each rates that we have had up to now are just a pilot scheme to get people used to making pension contributions.
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