Claims: money coming in

Abstract

In this article you will learn: how to form your credit terms; how to create a debt collection process; whether factoring your receivables is a viable idea for your business; when to intervene with a collection agency; how to control your receivables. As your cash flow will be tied to your receivables level, active management of your receivables and credit policy is crucial. Take the time to understand and develop your policies and methods. We will start by looking at the sales and collection cycle, then discuss introducing/creating your credit policy, collecting your receivables, and controlling your receivables.