WHEN DID YOU LAST REVIEW YOUR INVOICE FINANCE ARRANGEMENT?

A hand holding a magnifying glass over the letters 'IF' which in the financial world is know as a acronym for Invoice Financing. To the right and left of the picture are invoice buttons that are also subject to going under the magnifying glass. MAYACHI purple background.

Invoice finance is essential for any recruitment agency placing contract or temporary workers, as it provides the funding needed to pay contractors before clients settle their invoices. Once these facilities are set up, they can often run smoothly and consistently provide the required funding with minimal administrative oversight, provided they are managed correctly.However, these arrangements…

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HOW TO READ A BALANCE SHEET

A pair of glasses laid on top of a business balance sheet, you can see the figures/numbers within the balance sheet and also a calculator.

Year-end accounts and management accounts are extremely important tools for any recruitment director, as they tell the story of the company’s performance and enable owners to make informed decisions about the future of the business. These accounts are usually made up of two key documents: the balance sheet and the profit and loss sheet. However,…

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INVOICE FINANCE – WHAT ARE YOU PAYING FOR?

Magnifying glass with a question mark in the middle laid on the top of invoices, so you can discover what you are paying for when you use an invoice finance funding services.

Invoice finance is a staple in the recruitment industry, especially for agencies placing contract or temporary staff in the UK or overseas. That said, many recruitment directors don’t fully understand the benefits of these facilities. It’s common to question whether to use company funds, take out a loan or overdraft, or even bring in an…

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