When overdue accounts payable bills continue to go unpaid, these are referred to as ageing accounts. The longer they are not paid, the deeper into the ageing accounts system they get. There is a very specific way of handling these accounts, although each company will have their particular guidelines and procedures when it comes to… Read more »
Category: Debt Collection
Trust Debt Collectors to Save Your Business From Going Under
Debt collectors are experts who will collect debts from your debtors on your behave. They are necessary experts in running your business because from time to time you may end up renting your money which your debtors end up failing to return within your agreed time .This can really stress you in running your business… Read more »
Debt Management and Debt Consolidation Compared Differences
Overcoming debt problems is a big concern for many people. There are many solutions available to them. The two most popular options include debt management and debt consolidation. It can be confusing to understand differences between these two options because of very minor difference in wording. Both options seem very similar but there are some… Read more »
An Easy Way to Debt Recovery
A business is not about how many invoices you have issued but how many of those invoices actually got paid. Unfortunately, getting those invoices paid is not something that generally happens as soon as you have hit the send button on your email. In some cases, you have to wait for days before you can… Read more »
Choosing the Right Debt Collection Service Provider
As a business owner, one of your primary responsibility is ensuring that your clients pay you on time. There are cases, however, when clients cannot help it and they are unable to make the payment when the due date comes. The first few times that it happens, you can be quite forgiving. It becomes another… Read more »
7 Things to Consider When Choosing A Professional Debt Collector
One of the realities of business is the fact that not all customers would be able to pay in time. While it is possible to wait for a client to have enough funds to pay you, it is not something that you can, and should, do all the time. In cases where your client has… Read more »
Tips That You Can Use For Collecting Your Past Due Accounts
One of the most common reasons why small businesses often fail is slow cash flow. When the accounts receivable for a business is not under control, the cash flow is usually not in control either. Most small business owners depend on their customers paying them on time so the business can continue to operate normally…. Read more »
Types of services for Commercial Debt Collections
When you require the services of commercial debt collections you will need to use a reputable company that can offer you with a range of full services. Below are some of the steps that are followed for a successful program for commercial debt recovery. 1.Investigation Resources will be used to analyze and gather the correct… Read more »
Debt Collection – What to do when customers don’t pay Part 3
Today we explore Part 3 of the 10 easy steps to manage debt collection and cash flow issues in your business. Click here to review Debt Collection – What to do when customers don’t pay Part 1 or Part 2. “Chase overdue accounts immediately” Start the collection process the day after the bill becomes due: The longer a… Read more »
Debt Collection – What to do when customers don’t pay Part 2
Today we explore Part 2 of the 10 easy steps to manage debt collection and cash flow issues in your business. Click here to review Debt Collection – What to do when customers don’t pay Part 1, and come back soon for Part 3. “Ensure your business has a sound process in place to track and collect… Read more »