Tag Archives: payment terms

The Credit Policy Mission Statement

Now that you have a clear picture of what you want this credit policy to do for you, take a look at your business mission statement.  You want to write a short concise mission statement for your credit procedures.  Every … Continue reading

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My Top 10 ways to Get Paid Faster

1.       Get paid at the time of service, or if you offer terms, invoice the customer      immediately upon completion of the work and make sure invoices have the due date clearly visible. 2.       Change your payment terms.  If your terms … Continue reading

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Posted in Being a Great Collector, Collection Tools, Collections for Creditors, Collections for Landlords, Credit Policy Questions, Getting Paid - Michelle Dunn - Business Finance Columni, The Life of a Bill Collector | Tagged , , , , | 1 Comment

Dealing with Deductions

You have a credit approved customer that has been doing business with you for a couple of months now.  They have been paying on time and placing steady orders.  Suddenly you receive a check with a deduction on it.  It … Continue reading

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Telling your customers when to Pay you

When you make a sale you want to know when you will be paid.  Controlling when you get paid is a huge component on whether your business will survive or fail. If you extend credit to any customers, new or … Continue reading

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Posted in Being a Great Collector, Business Credit, Collections for Creditors, Credit Policy Questions, Getting Paid - Michelle Dunn - Business Finance Columni, Helping Debtors | Tagged , , , | Leave a comment

Building Business Credit

Starting a business is overwhelming in itself, never mind having to think about credit.  Your business will need good credit to maintain itself and become more successful.  You can get and maintain good credit for your business in a few … Continue reading

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