Pi Credit Management

17/06/2026

Do you use Direct Debit?

Direct Debit is a simple and reliable way to manage regular payments and bills.

Rather than making individual payments yourself each time a bill is due, you authorise a company to collect the amount directly from your bank account.

Once set up, the payments are automatic and you don’t need to re-authorise each month.

10/06/2026

Do you have a Credit Policy?

A credit policy is a set of rules and procedures that guide how your business handles credit transactions.

If you offer payment terms to customers, you must have a clear credit policy.

A good policy covers:
🟪 Who you offer credit to
🟪 How much credit you extend
🟪 What happens when a customer doesn’t pay on time.

Without a policy in place, you risk making inconsistent decisions.

03/06/2026

Do you know what Trade Debtors are?

A trade debtor is any customer or business that owes money for products or services received on credit.

If your business sells goods or services on credit, your customers become trade debtors until they settle their invoices.

Read our dedicated post for more: https://pi-accountancy.co.uk/2026/06/03/what-are-trade-debtors/

If your business sells goods or services on credit, your customers become trade debtors until they settle their invoices.

27/05/2026

Do you understand the Importance of Creating Invoices?

A strong invoicing process helps businesses receive payments faster and meet their obligations.

Cash is king when it comes to business success, so businesses need regular incoming payments to cover their costs.

Invoices also act as official records of transactions, creating a reliable paper trail for audits and financial reviews.

Read our dedicated post for more: https://pi-accountancy.co.uk/2026/05/27/the-importance-of-creating-invoices/

Creating invoices is one of the most important parts of running a successful business. Find out how we can help you get paid sooner.

20/05/2026

Do you know the difference between Liquidation and Administration?

Liquidation is the formal process of closing a company and selling its assets to repay creditors. Once the process is complete, the company ceases to exist.

Administration gives struggling businesses a chance to recover. An Insolvency Practitioner takes control and works to rescue the company.

Though both apply to insolvent businesses, they are very different in process and outcome.

Read our dedicated post for more: https://pi-accountancy.co.uk/2026/05/20/liquidation-and-administration/

Although both arise from a business's inability to pay, Liquidation and Administration serve different purposes. Learn more now.

13/05/2026

Do you understand Terms and Conditions?

Every business, whether just starting out or firmly established, needs a clear and legally sound set of Terms and Conditions.

These documents form the foundation of your relationship with clients or customers.

They explain how you deliver your products or services and under what terms, while also offering legal protection when things go wrong.

Read our dedicated post for more: https://pi-accountancy.co.uk/2026/05/13/terms-and-conditions/

Terms and Conditions are the rules and guidelines that define the legal agreement between a business and its customers for goods or services.

06/05/2026

Do you understand Putting a Customer on Stop?

When a you place a customer “on stop”, you suspend all future deliveries of goods or services until the customer resolves their outstanding payment issues.

This is usually the result of missed or overdue invoice payments.

It is a very common credit control measure that protects businesses from bad debt and cash flow disruptions.

Read our dedicated post for more: https://pi-accountancy.co.uk/2026/05/06/putting-a-customer-on-stop/

When a customer is put "on stop", the supplier suspends services until the customer's overdue balance is paid up to date.

29/04/2026

Do you know what Payment Terms are?

Payment Terms are the conditions agreed upon between a seller and a buyer about how and when payment will be made.

Payment Terms can vary depending on the nature of the transaction and industry practices, as well as the business relationship.

Read our dedicated post for more: https://pi-accountancy.co.uk/2026/04/29/payment-terms/

Payment terms are the conditions agreed upon between two parties on how, when and by what method a payment will be made.

22/04/2026

Do you know what a Remittance is?

A remittance is the act of sending money from one person or entity to another.

Businesses use remittances to settle outstanding invoices or compensate service providers.

Read our dedicated post for more: https://pi-accountancy.co.uk/2026/04/22/what-is-a-remittance/

A remittance is a payment sent from one party to another, usually sent to fulfil a particular obligation, such as settling an invoice.

15/04/2026

Do you know what Cash Flow is?

Cash flow is the movement of money into and out of your business over a month, quarter or year.

“Cash is king” is an all too common phrase, and for good reason as cash is the lifeblood of your business.

Even if your business appears profitable on paper, it can quickly run into trouble without enough cash to meet its obligations.

Read our dedicated post for more: https://pi-accountancy.co.uk/2026/04/15/what-is-cash-flow/

Cash flow is the lifeblood of any business. It measures the amount of money moving in and out of a business over a specific period.