What is Direct Debit?
Direct Debit in the UK was devised by a Unilever executive in the 1960s, as an automated way to collect recurring payments from ice cream vendors, without having to ask permission each time.
Today around 75% of all recurring payments made by volume in the UK are made by DirectDebit (Source: Payments UK).
This guide is designed to walk you through everything that Direct Debit can do to help your firm’s success.
We’ll show how other accountants have made DirectDebit an important part of their billing workflow. We’ll also explain how you can encourage your clients to pay you by DirectDebit, and how you can advise them on using it to improve cash flow in their own businesses.
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