There isn’t a business out there that is immune to slow payers or non-paying customers, but what can you do to prevent this from happening? Keeping an eye on your customers’ accounts is an important part of preventing bad debt or payment problems. I would like to share some “red flags” with you that can help you identify when a customer is having financial problems or is just … [Read more...]
Archives for February 2012
31 Days To Getting Paid On Time
Everyone has gone home to their families and here I sit in my office looking at the accounts receivable listings and shaking my head. So many customers are past due and I wonder how I can get my customers back on track to paying on time and in full. I have a pile of bills to pay but not enough cash coming in. I thought I was limiting my credit risk by only allowing friends … [Read more...]