• Business
  • Life
  • Celebrity
  • Sport
  • Blog
  • Auto
  • Tech
Stories from SWNS
Advertisement
  • Home
  • News
    IRONING By Navajo

    IRONING By Navajo

    5 Interesting facts about online casinos

    5 Interesting facts about online casinos

    Curses of Cousins by Cliff Bacchus

    Curses of Cousins by Cliff Bacchus

    Operation Bluebird by Harry Old

    Operation Bluebird by Harry Old

    Family miraculously survive huge gas explosion

    Family miraculously survive huge gas explosion

    Deputy Chief Medical Officer’s elderly mum receives her first dose of Covid vaccination

    Deputy Chief Medical Officer’s elderly mum receives her first dose of Covid vaccination

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Business
  • Life
    • Celebrity
  • Tech
    Spending More Time Online? How to Make the Most of Your Time

    Spending More Time Online? How to Make the Most of Your Time

    Why Now More Than Ever Healthcare Needs To Go Digital

    Why Now More Than Ever Healthcare Needs To Go Digital

    The Impacts of Technology in the Casino Sector

    The Impacts of Technology in the Casino Sector

    How IoT Is Shaping The Various Aspects Of The Healthcare Industry?

    How IoT Is Shaping The Various Aspects Of The Healthcare Industry?

    How Can Robots Take Their Place in Casinos?

    How Can Robots Take Their Place in Casinos?

    Three Elearning Trends That Point To The Importance Of Mobile Learning Solutions

    Three Elearning Trends That Point To The Importance Of Mobile Learning Solutions

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Review

    The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

    Shadow Tactics: Blades of the Shogun Review

    macOS Sierra review: Mac users get a modest update this year

    Hands on: Samsung Galaxy A5 2017 review

    The Last Guardian Playstation 4 Game review

    Intel Core i7-7700K ‘Kaby Lake’ review

No Result
View All Result
  • Home
  • News
    IRONING By Navajo

    IRONING By Navajo

    5 Interesting facts about online casinos

    5 Interesting facts about online casinos

    Curses of Cousins by Cliff Bacchus

    Curses of Cousins by Cliff Bacchus

    Operation Bluebird by Harry Old

    Operation Bluebird by Harry Old

    Family miraculously survive huge gas explosion

    Family miraculously survive huge gas explosion

    Deputy Chief Medical Officer’s elderly mum receives her first dose of Covid vaccination

    Deputy Chief Medical Officer’s elderly mum receives her first dose of Covid vaccination

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Business
  • Life
    • Celebrity
  • Tech
    Spending More Time Online? How to Make the Most of Your Time

    Spending More Time Online? How to Make the Most of Your Time

    Why Now More Than Ever Healthcare Needs To Go Digital

    Why Now More Than Ever Healthcare Needs To Go Digital

    The Impacts of Technology in the Casino Sector

    The Impacts of Technology in the Casino Sector

    How IoT Is Shaping The Various Aspects Of The Healthcare Industry?

    How IoT Is Shaping The Various Aspects Of The Healthcare Industry?

    How Can Robots Take Their Place in Casinos?

    How Can Robots Take Their Place in Casinos?

    Three Elearning Trends That Point To The Importance Of Mobile Learning Solutions

    Three Elearning Trends That Point To The Importance Of Mobile Learning Solutions

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Review

    The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

    Shadow Tactics: Blades of the Shogun Review

    macOS Sierra review: Mac users get a modest update this year

    Hands on: Samsung Galaxy A5 2017 review

    The Last Guardian Playstation 4 Game review

    Intel Core i7-7700K ‘Kaby Lake’ review

No Result
View All Result
Stories from SWNS
No Result
View All Result
Home SWNS

Forgetful businesses ‘lose out on £3.7 billion’

by
October 9, 2013
in SWNS
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Businesses are losing billions of pounds by forgetting to bill clients, according to new research.

Bosses at one in five companies admit forgetting to invoice for goods or services, blaming poor communication with their accountants and confusing paper records.

Some 13 per cent of the forgetful bosses didn’t charge for work worth between £5,000 and £10,000, while seven per cent forgot to bill for goods worth more than £10,000.

The research by finance software provider Exact said the mistake could have left the UK’s 4.8 million small and medium sized businesses out of pocket by up to £3.7 billion.

Hartmut Wagner, managing director of Cloud Solution at Exact said: “We don’t want to blow this issue out of proportion but these findings do highlight that many small and medium-sized enterprises working in professional services, who are eager to grow, are not doing themselves any favours by letting millions of pounds worth of work go unaccounted.”

Accounting experts blame poor communication between accountants and clients for the mistakes.

Researchers claim that just over one third of businesses they asked still use paper records during their accounting processes, and only 11 per cent are using more reliable online accounting systems.

Mukesh Shah, head of outsourcing at accountancy firm HW Fisher & Company, said: “Being fully in control of your finances is clearly vital to better business decision making.

“Businesses, including those in professional services, are placing more and more faith in their accountants, not just to sort out their books but also in advising them over broader business decisions, and in a large proportion of cases that appears to be hampered by poor systems and processes.

“The findings of the Exact research seem to suggest that there is a real need for better working practices and processes to be in place between accountants and their small and medium-sized enterprises clients – something we pride ourselves with.”

Previous Post

Posh restaurants boost property prices by up to 20 per cent

Next Post

Earl faces losing his country home in legal dispute

Next Post

Earl faces losing his country home in legal dispute

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 81 Followers
  • 43k Followers
  • 108k Subscribers
  • 22.9k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
Women love cheesy chat up lines, a study has revealed

Top 20 cheesy chat-up lines ladies really love

March 5, 2014
The top ten most well-known bingo phrases

The top ten most well-known bingo phrases

January 21, 2014
The horses thunder towards a jump at the Grand National

Amazing racehorse names which never made it

April 23, 2014
HGH Injections Brands: Which Ones Are Best?

HGH Injections Brands: Which Ones Are Best?

January 14, 2019
Chris Fear, 33, outside the Coral betting shop which is refusing to pay out on his 485/1 winning bet

Boycott Coral! Bookmaker faces protest after refusing to pay out on a football fan’s 485/1 bet

184
Women love cheesy chat up lines, a study has revealed

Top 20 cheesy chat-up lines ladies really love

147
Women feel invisible to the opposite sex at the age of 51, researchers found

Women begin feeling invisible to men ‘when they turn 51’

138
UKIP candidate claims Jews murdered each other in the Holocaust in masterplan to create State of Israel

UKIP candidate claims Jews murdered each other in the Holocaust in masterplan to create State of Israel

105
7 Ways to Save More in 2021

7 Ways to Save More in 2021

March 8, 2021
Stories can change society: Spotlight on web writer Estar Gathu

Stories can change society: Spotlight on web writer Estar Gathu

March 8, 2021
IRONING By Navajo

IRONING By Navajo

March 2, 2021
Top 5 RTG Games to Try in Online Casinos

Top 5 RTG Games to Try in Online Casinos

February 25, 2021

Recent News

7 Ways to Save More in 2021

7 Ways to Save More in 2021

March 8, 2021
Stories can change society: Spotlight on web writer Estar Gathu

Stories can change society: Spotlight on web writer Estar Gathu

March 8, 2021
IRONING By Navajo

IRONING By Navajo

March 2, 2021
Top 5 RTG Games to Try in Online Casinos

Top 5 RTG Games to Try in Online Casinos

February 25, 2021
SWNS

SWNS all rights reserved. Copyright 2020

Follow Us

Browse by Category

  • Auto
  • Blog
  • Business
  • Celebrity
  • Gaming
  • Life
  • Lifestyle
  • News
  • Pictures
  • Property
  • Review
  • Sport
  • SWNS
  • Tech
  • Travel
  • Uncategorized

Recent News

7 Ways to Save More in 2021

7 Ways to Save More in 2021

March 8, 2021
Stories can change society: Spotlight on web writer Estar Gathu

Stories can change society: Spotlight on web writer Estar Gathu

March 8, 2021
  • About
  • Advertise
  • Privacy & Policy
  • Contact

Real Fix is a trading style of South West News Service Limited.
Copyright © 2020 South West News Service Limited.

No Result
View All Result
  • Business
  • Life
  • Celebrity
  • Sport
  • Blog
  • Auto
  • Tech

Real Fix is a trading style of South West News Service Limited.
Copyright © 2020 South West News Service Limited.