The principles of good business #101 dictate that the customer is always right…but this standard only applies while they are right for your business.
With a “Tsunami of bankruptcies” forecast after the COVID 19 debt assistance measures finish, making sure you get paid for your sales takes on even greater importance.
Performing a complete review of credit terms and procedures may well be the difference between losing a sale and losing money on a sale!
Make sure you have full details and background checks of all your customers and go through your accounts receivable to weed out any slow or doubtful payers.
If you’re unsure about any of them, enlist the services of a Debt Management agency… Optimum Recoveries are our go-to people for extra reassurance.
Contact Invision Bookkeeping on (07) 3293 1436 or email us and we can put you in touch!