Credit control is an integral part of a business and it is vital for any business that is trading on credit terms to have a department that manages the debtors. Big business have gone under receeivership for failure to monitor and collect from their debtors. Most companies are trading on credit to increase sales and it is therefore necessary to ensure that collections are done on timely basis.
If you intend to have your business live long have a credit control section to help you manage the debtors.
Wednesday 7 September 2011
Thursday 4 August 2011
Know Your Customer
It is very important before starting to trade with a client to know who they really are. Gather all the information that you can about you new customer to help you make wise credit decision and to avoid getting into trouble when the fail to pay for your service or product. If you fail to know your customer you cannot take them to a court of law .
Subscribe to:
Posts (Atom)