10 Reasons to Use Professional Debt Collectors Vienna 3 Feb, 2021 Bad Debt bad debt, Professional Debt Collectors No comment Due diligence, organization, persistence, common sense, and a reasonable attitude will take you a long way towards avoiding your accounts receivable becoming bad debt. Those qualities aren’t always easy to get in an employee. Here are 10 reasons why you may want to hire a professional debt collector instead. Reason # 1 – Time You Continue Reading… Share this:TwitterFacebookLinkedIn
When To Use a Debt Collection Service Vienna 14 Jan, 2021 Bad Debt No comment When Should You Consider a Debt Collection Service? Most business owners will reluctantly consider professional debt collection at some time in their professional careers. Slow pay and no pay customers are a fact of life that many of us can’t avoid. In my professional opinion and that of many if not most agency owners, the Continue Reading… Share this:TwitterFacebookLinkedIn
Small Debt Collection Agency and Small Debt Collections Vienna 5 Aug, 2020 Small Balance Collections, Vienna's Views Small Balance Collection No comment Small Debt Collections – What, Why and How? I’ve been preaching the importance of small debt collections forever. In this article, I’m going to make my case. I’ll cover four topics: What is small debt? Why collecting small balances is important How to systematize your small debt collections What to do when you need a Continue Reading… Share this:TwitterFacebookLinkedIn
Accounts Receivable Invoicing Errors Vienna 14 May, 2020 Accounts Receivable, Vienna's Views No comment Accounts Receivable Invoicing Bad Debt Prevention Part 2 Accounts Receivable Invoicing is step 2 in a 3 step path to payment. Make a sale Create and send an invoice Collect payment for the invoice When all goes well, it’s a simple and elegant process leading to prompt payment, positive cash flow, and profitability. Unfortunately, the Continue Reading… Share this:TwitterFacebookLinkedIn
Bad Debt Prevention Learn How Vienna 1 Apr, 2020 Accounts Receivable Management, Bad Debt, Vienna's Views No comment Bad Debt Prevention Part 1 Bad Debt Prevention Read this 4 part series to discover the most common and preventable errors your accounts receivable department makes that can lead to bad debt losses. I believe, after nearly 30 years of making collection calls in over 40 industries, that many, if not most, collection problems are Continue Reading… Share this:TwitterFacebookLinkedIn
Accounts Receivable Collections a Guide Vienna 20 Mar, 2020 Accounts Receivable, Vienna's Views No comment A Guide to Accounts Receivable Collections The Objective The objective of Accounts Receivable Collections is to collect your companies outstanding invoices as close to the due date as possible, with as little effort as possible, in as little time as possible, using as few resources as possible, without damaging your relationship with your customer or Continue Reading… Share this:TwitterFacebookLinkedIn
The FDCPA and Your Collection Letters Vienna 20 Jan, 2020 Collection Letters, Vienna's Views No comment The FDCPA and Your Collection Letters As a small business owner or accounts receivable professional you may have concerns about what you can legally say in your collection letters – this brief article will address what you can say and what you should say. What Is the FDCPA? The Fair Debt Collection Practices Act (FDCPA) Continue Reading… Share this:TwitterFacebookLinkedIn
Accounts Receivable Collection Letters Vienna 7 Jan, 2020 Collection Letters, Vienna's Views collection agency letters, collection letters No comment Accounts Receivable Collection Letters In 2020 Everything Changes Everything Stay the Same Accounts receivable collections has changed in 2020, and the use of accounts receivable collection letters has changed as well. What hasn’t changed is the need for a well thought out accounts receivable collection strategy when customers don’t pay as agreed. Back in 2011, Continue Reading… Share this:TwitterFacebookLinkedIn
Small Claims in California – Do You Have a Case? Vienna 6 Oct, 2019 Do I Have a Case, Vienna's Views No comment The Case … Dear Bulldog, Last year I purchased a couch from a furniture store. The couch was delivered weeks later than promised and when it finally arrived it was the WRONG COUCH! I called the furniture store to complain, and to ask them to pick up the wrong couch and bring me the right Continue Reading… Share this:TwitterFacebookLinkedIn
Collection Prevention and Your Credit Collection Policy Vienna 1 Oct, 2019 Collection Prevention, Vienna's Views No comment Collection Prevention Part VI You Need a Plan! Or … and please don’t stop reading here “a Credit Collection Policy”. Seems obvious enough right? And yet, most of the small business owners I’ve worked with don’t have one. It really doesn’t have to be a big deal, a simple 1 page document outlining your Credit Continue Reading… Share this:TwitterFacebookLinkedIn