Today, we opened a bottle of bubbly in our home office as we toasted the 1,000th Unpaid customer! Less than four years after we founded Unpaid, a thousand companies already rely on us to collect their unpaid invoices.
When a company goes bankrupt, the trustee in bankruptcy uses its assets to pay creditors. The trustee blocks the accounts, sells equipment or machinery and collects any debts, and then pays the company's outstanding debts. But the order in which creditors are paid is not arbitrary. For this, the trustee in bankruptcy applies a legally strict order. Some creditors are therefore more likely to be paid (in full) than others. The decisive factor is whether a creditor is preferential or ordinary.
An unpaid invoice?
Calculate here how much additional turnover you must generate to compensate for it.
The gross margin basically is the difference between the total income of the company (the turnover) and the costs paid to realise that operating income. In many cases (such as in this calculator) this margin is expressed in a percentage. In order to obtain this percentage, you divide the difference by the turnover.
Do you have General Terms and Conditions? No? It is nevertheless an important document. The General Terms and Conditions determine the rules that will be applied in the event of discussions about delivered performances or invoiced goods. In other words: Good General Terms and Conditions ensure for you to have a stronger position in case of a dispute.