ArchivesTag : bad debts
Tips To Reduce Deductions And Disputes On Invoice Payments
Keep a close eye on your internal processes! In the case of defective goods, a return is obvious. When this happens, quality control, purchasing, sales, customer service and the credit department must all have good communication so that problems are minimized.
Is It Worth Paying A Collection Agency?
When your frustration has completely boiled to the surface with you debtor/s it may be time to call in a debt collection agency. Typically once your invoice has reached 90 days the chances of recovering your debts becomes exponentially lower…
The Cost Of Employee Theft
“The Australian Retailers Association estimates that more than half of stock “shrinkage” is from employee theft. And the Australian Federal Police says 70% of all business fraud losses are from staff or former staff, amounting to at least $1.5 billion a year.
Do it yourself debt collections or invoice discounting?
It is a common misconception to think that invoice discounting or factoring is primarily used as a vehicle to collect your delinquent debtors. In fact if you have badly behaving debtors, the correct solution could be a debt collector. Here is a manual that you can use to do it yourself.
2009 will be a happy new year for some
We are all hearing the doom and gloom story and in a recent article by Paul Strzelecki, Managing Director of Yorkville Advisors UK (read it here) he states that “Next year begins with an unprecedented situation: up to 20 of the OECD nations will be in recession.” Hopefully we are likely to be less affected than most [...]
