Having trouble keeping your debtors under control? We know that times are tough at the moment, so making sure your cash flow is consistent and your debtors are in check is crucial.

To help, I’ve listed my 10 top tips for collecting your debtors in the video below!

 

10 tips for collecting your debtors

  1. Have clear contracts
  2. Invoice in a timely matter
  3. Be clear about your terms of trade
  4. Do your credit checks – know your customer
  5. Put new customers on cash terms
  6. Strictly enforce credit limits
  7. Chase the cash
  8. Make it easy to pay
  9. Refer to debt collectors if necessary
  10. Be strict on settlement discounts and rebates

 

we’re here to help

If you need advice on collecting your debtors give the team a buzz on 1300 BDEPOT or shoot us an email at oneplace@businessdepot.com.au.

 

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general advice disclaimer

The information provided on this website is a brief overview and does not constitute any type of advice. We endeavour to ensure that the information provided is accurate however information may become outdated as legislation, policies, regulations and other considerations constantly change. Individuals must not rely on this information to make a financial, investment or legal decision. Please consult with an appropriate professional before making any decision.