Two things: what you moved abroad last year, and roughly what you think it cost. DM us or comment NUMBER. If your current provider is doing right by you, we'll say so.
#FX#TradeFinance
Cross-border payments. Multi-currency accounts. Trade and invoice funding.
Tell us what you moved abroad last year and what it cost. We'll work out the number nobody itemised.
If your current setup is already good, we'll tell you that.
#FX#TradeFinance
Save this and send it to whoever processes your payments. Want it as a one-page sheet for the wall? Comment CHECK and we'll post it here.
#Payments#Fraud
Ten-second check before any supplier payment:
1. Beneficiary name matches the account exactly
2. Bank details match your file, not this invoice
3. Any change verified by voice, on an old number
4. Rate checked against mid-market at quote time
#Payments#Fraud
Before your period closes, tidy these five:
1. Unapplied cash against no invoice
2. FX balances never revalued at the closing rate
3. Supplier deposits for goods not received — prepayment, not expense
4. Credit notes raised and never allocated
#Accounting#YearEnd
One customer carrying too much of your revenue? Tell us roughly what share and what terms and we'll talk through the funding options alongside it. Comment RISK.
#CreditRisk#Finance
"If your biggest customer doesn't pay, what happens?
The underrated bit is the underwriting — the insurer researches your customers properly and declines names it doesn't like. That's a credit opinion with money behind it.
#CreditRisk#Finance
Had a payment held and never got a straight explanation? Tell us the corridor and we'll tell you which of the five it most likely was. Comment HELD.
#Payments#Compliance
Payment held for checks? Five usual reasons:
Fuzzy sanctions name match
Restricted country, goods or end use — dual-use catches people
Vague or blank purpose of payment
Unusual amount against your own history
First payment to a new beneficiary
#Payments#Compliance
Unapplied cash: the money's in the bank, nobody knows which invoice it paid.
Truncated references. Four invoices paid in one round number. Their PO number, not yours. Deductions nobody flagged.
Clear it weekly.
#Finance#CreditControl
Paying people overseas already? Tell us which countries and roughly what you move monthly and we'll show you the FX side. The employment side needs a specialist. Comment ABROAD.
#Hiring#Payroll
"Hiring abroad before year end:
1. Their employment law applies, not yours
2. Their tax and social security applies, and the employer usually remits it
3. One employee can create a taxable presence for you there.
#Hiring#Payroll
Had a payment go quiet recently? Tell us the corridor and we'll explain what most likely happened and what to ask for. Comment CHAIN.
#Payments#Banking
"Where your money actually is between ""sent"" and ""arrived"":
Your bank → a correspondent bank → sometimes a second one → the beneficiary bank, in its own hours.
Four or five organisations. None of them report back to you.
That's why it goes quiet.
#Payments#Banking
Want those three numbers worked out on your own ledger? DM us your main currencies in and out. No obligation. Comment MISMATCH and we'll start there.
#FX#Treasury
Supplier wants USD. Customer pays EUR. Your costs are GBP.
Three numbers: what share of your cost base is in a currency you don't earn, who carries most of it, and does anything come in and go out in the same currency within weeks.
#FX#Treasury
Comparing quotes on different terms and not sure what the real difference is? Comment TERMS and we'll walk you through it on your actual numbers.
#Incoterms#Trade
Incoterms, cheapest invoice first:
EXW — you collect from their factory, including their export clearance
FOB — they load the vessel, freight is yours
CIF — they cover freight to your port, duty is yours
DDP — door to door, duty paid
#Incoterms#Trade
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