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 […] Share this:TwitterFacebookLinkedIn
On Red Flags and Warning Signs Vienna 4 Jun, 2019 Collection Prevention, Vienna's Views No comment I know I’m beating the same old drum but it all bears repeating. It always (almost) comes back to you, not the guy who owes you the money, he’s got his own problems. If you want to avoid collections (doesn’t everyone?) you’ve got to pay attention… here’s a list of red flags and warning signs […] Share this:TwitterFacebookLinkedIn
Credit Applications & Due Diligence Vienna 1 Mar, 2019 Accounts Receivable Managment, Collection Prevention, Vienna's Views Due Diligence No comment Due Diligence & Credit Applications I’ve said it many times but it bears repeating, many, if not most of your collection problems are preventable. In the words of the eminently quotable Benjamin Franklin “An Ounce of prevention is worth a pound of cure”. A Quick Review Part I – Get complete contact information from new […] Share this:TwitterFacebookLinkedIn
Due Diligence & Credit Applications Vienna 13 Feb, 2019 Collection Prevention No comment Collection Prevention Part IV I’ve said it many times but it bears repeating, many if not most of your collection problems are preventable. In the words of the eminently quotable Benjamin Franklin “An Ounce of Prevention is Worth a Pound of Cure. A Quick Review Part I – Get complete contact information from new customers […] Share this:TwitterFacebookLinkedIn
Collection Prevention Part 3 Vienna 19 Nov, 2018 Accounts Receivable Managment, Collection Prevention, Vienna's Views No comment Accounts Receivable Collections Collection Prevention Part III Not to be annoying but I have a couple more things to say about invoicing. Last month I failed to mention either terms or late fees. Both are important so I think it’s worth taking up a bit more space to talk about them. Terms First terms, you […] Share this:TwitterFacebookLinkedIn
Collection Prevention Part 2 Vienna 9 Nov, 2018 Bad Debt, Collection Prevention, Vienna's Views No comment Accounts Receivable Collections Collection Prevention Part 2 The series, as the title suggests is all about “collection prevention” stop collection problems at the source, which unfortunately is often you and your company. It’s my contention, after 30+ years of making AR collection calls, that a full 70% of collection problems are preventable, and you are […] Share this:TwitterFacebookLinkedIn
The Truth About Collections Vienna 10 May, 2017 Accounts Receivable Managment, Collection Prevention, Vienna's Views No comment The Truth About Collections Ben Franklin first said it in 1735 almost 300 years ago – and it’s as true today as it was then. “An Ounce of Prevention is Worth a Pound of Cure” I mention this because one truth you need to know about collections is that an average collection agency has […] Share this:TwitterFacebookLinkedIn
