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6 Quick Steps to Increase Cash Flow and Reduce Debt

Debt Recoveries

Charge interest and a recovery fee and make sure this is made clear on your credit application forms and on each invoice. Get your collection agent to conduct a credit report on potential clients. Get them to fill in a credit application form (I can give you some templates). Can you pay your bills as they fall due?

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Managing Cash Flow During Covid

Debt Recoveries

Make it known to debtors that delinquent matters will be referred to a debt recovery agent. . . If you are not able to pay your bills within their terms, then you are trading whilst insolvent and this is illegal in most countries. . Discuss this weekly with your bookkeeper, credit manager or accountant. Solvency .

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Cash Flow during COVID

Debt Recoveries

Make it known to debtors that delinquent matters will be referred to a debt recovery agent. If you are not able to pay your bills within their terms, then you are trading whilst insolvent and this is illegal in most countries. Discuss this weekly with your bookkeeper, credit manager or accountant.