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Finance : How to manage time and cash payment franchise?

Starting a business through the franchise system gives many advantages. The strength of the network helps to deploy, use common tools and thus avoid certain difficulties independent. But be careful not to rely on such a system in all areas, to lose control ... The cash management and accounting aspects of the business will not be managed in a comprehensive manner. Financially, you are the only master on board.

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You must pay attention to the payment terms, the health of your cash. Here's how to anticipate these issues are at the heart of a network organization .
Payment delays reduced by law

The LME (which sets a maximum period of payment of suppliers for businesses ) is far from being met. The maximum period of payment between companies from 45 days end of month, or 60 days net ( according to LME 2009 ) was then brought to 30 days in all Member States of the European Union in 2013. Adjustments that designed to help SMEs which time payment extension (or non- payments) are synonyms of time and money wasted.

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These rules permit to change the situation? Financial health is it better for business? We must see progress, according to Olga ROMULUS, accountant, within the Fiducial network. In the past, despite considerable freedom given to players for the deadlines for payment, it was common to " find a permanent drift practices France since the average delay was 12 days, which reduced to deadlines contractual settlement 90 days, put the actual payment in over 100 days !

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Late payments have an impact on cash flow of the company. Are there solutions to deploy to reduce delays and to mobilize a larger cash ?

Analyze your deductible

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