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Top Ten Tips
Include being prepared...
Debt Recovery: 10 steps to getting paid
Get the debt collection tips your business can use today to recover bad debt and ensure you get paid promptly.
Why credit checks are worth doing
It's all about knowing how likely it is that your potential customer will pay you.
Credit Review ALL of your customers regularly
A periodical credit review on your existing customers can reduce overdue debt.
Know your Customer
If you don't know the legal name of the entity that you are trading with how can you possibly start legal action ...
Disclose and Agree Payment Terms:
if you don't have a purpose written "Terms of Trade" you shouldn't be in business
Don't be afraid to ask for payment
The only good customer is a paying customer, and if you don't ask, you might not get.
Don't assume that the customer will pay
Why invoicing immediately helps you get paid quicker
Checklist to find a builder
Here are some points for you to consider before starting your building project:
Debt Collection Policy
Debt Collection Methods
New Zealand Government and related web sites - get the links here.
Accounts Enforcement Limited New Zealand's most successful debt collection agency
Pay Torque Bill to Bank automation
Check the exact name and legal status of each of your customers (you will need this if you ever have to take legal action to recover a debt).
Do not assume that you will be paid on 30 days or end of month following.
Attention to detail can make all the difference in getting paid on time.
The only good customer is a paying customer, and if you don't ask ...
Did you know that by using a third party (such as us), to undertake your credit control, can improve your cash flow by as much as 40%?
More Top Tips ...