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Hi, my name is Adam Stewart, Debt Collection Expert and owner of DebtRecoveries Australia. Since forming a debt collection company many years ago, I have had the opportunity to meet many small and medium enterprises (SME’s) and company owners and see how they manage their accounts receivable internally.
Hi, my name is Adam Stewart, Debt Collection Expert and owner of DebtRecoveries Australia.I 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. Meet weekly with your bookkeeper, creditmanager or accountant.
Credit control is the process of overseeing and collecting payments that consumers or clients owe your company. Establishing credit terms, assessing creditworthiness, generating bills, and keeping track of past-due payments are all part of it. Please contact us at email@debtrecoveries.com.au or 1300 799 511.
The COVID-19 has taken the world by surprise and we here at DebtRecoveries Australia wanted to share some tips for maintaining cash flow within your organisation in the current economic climate. Charge interest and a recovery fee and ensure this is made clear on your credit application forms and on each invoice.
Charge interest and a recovery fee and ensure this is made clear on your credit application forms and on each invoice. Make it known to debtors that delinquent matters will be referred to a debtrecovery agent. . . Discuss this weekly with your bookkeeper, creditmanager or accountant. Solvency .
We do not expect an increase in administrations, but by being aware that this mechanism is currently available may mean that you can refocus and potentially accelerate your debtrecovery discussions. In the UK, fraudsters have defrauded furlough schemes to claim for non -existent employees in non-trading businesses.
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