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Accounting

Why grant credit at all?

12.06.09 : Ian Renton

There is one and only one reason to grant credit. You grant credit in order to get a sale.

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Colour in Collection

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What colors to use and which ones to avoid when sending out a collection notice
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Today, many businesses have sophisticated marketing plans. Everything is done at a certain time after the first lead generation program goes out. Well, you should also have a sophisticated plan for collecting your money.
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When setting up a new customer account, your goal is to collect customer information that will enable you to market to this customer in the future.
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Q & A

My debtors are taking more than 75 days to pay me even though my terms are 30 days. What can I do to speed up my cash collection?
Answered by: Julia Bickerstaff





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