Questions and Answers
How can I keep track of what my customers owe me?
I want to keep track of what my customers owe me, and I don’t know what I should be doing to enable me to reliably keep track of it all.
The best solution would be to use a digital bookkeeping software. This will keep track of everything you are owed but also have the detail as to what each individual customer owes you and also which specific invoices they haven’t paid.
Now you may be thinking, this sounds complicated or like too much work, but you will be pleased to hear that the software takes the hard work out of it for you. Most software will enable you to record the money you have received, and it will automatically try to match it against the relevant invoice for you.
Once this is done, it really is just a click of a button and you can see how much all customers owe you as well as what each individual customer owes, saving you time and aiding your cashflow position.
We can help you with all of this from which software to choose, helping you get set up, train you on how to use the software and provide ongoing help and support. So, give us a call on 0203 621 5511 or pop in to arrange a meeting.
Date published 3 Jul 2019 | Last updated 30 Sep 2020
This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.Choose the right accounting firm for you
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