"As the credit crunch continues to bite, the Association of Chartered Certified Accountants (ACCA) has released a top ten list for small businesses facing late payment or debt recovery issues. A very simplistic list with the mandatory seek more advice from your accountant to conclude.
1. Decide whether it is worth a fight.
2. Consider your customer.
3. Assess why the customer has refused to pay..."
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3 comments:
Perhaps I was a little harsh on ACCA looking back!
As for foresight, we have a mighty collection of crystal balls at SmallBizPod towers.
Petty they don't begin with tips to prevent bad debts in the first place.
Get your T&C in order and do send them with every quote, confirmation and invoice - you'll stand a better chance collecting ;-)
Karin H. (Keep It Simple Sweetheart, specially in business)
Perhaps I was a little harsh on ACCA looking back!
As for foresight, we have a mighty collection of crystal balls at SmallBizPod towers.
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