As a business owner, there are all sorts of aspects you have to manage on a daily basis. Among your most important roles lies in debt collection. Make sure debtors pay the full amount owed by taking these measures. This ensures the long-term health and success of your company. Continue reading How to Handle Difficult Debtors
When people think of collections companies, they think of a debt collector calling an individual about a past due car payment or mortgage payment. Today, businesses are also turning to collection agencies in increasing numbers to protect their bottom line. However, it is important that a business understands best practices to get in touch with the right account receivable personnel from a debtor company as well as methods to get what they are owed.
Continue reading How to Get What You Are Owed from a Client
How good you are at collecting payment from your clients would tell a great deal about how fast your company’s growth can be. This underlines even more the importance of having a good collection system in place.
Many small businesses are unable to collect the money they are owed. Fortunately, businesses can explore several options for increasing collections on past-due accounts. It is important to determine what type of debtor the owing business is in order to know how best to approach the situation.
Continue reading Commercial Collections and the Rights of Creditors