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The Seven Habits of Highly Effective Credit Managers

Debt Recoveries

Hi, my name is Adam Stewart, Debt Collection Expert and owner of Debt Recoveries 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.

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What is Credit Control and How to be a better Debt Collector

Debt Recoveries

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.

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6 Quick Steps to Increase Cash Flow and Reduce Debt

Debt Recoveries

Hi, my name is Adam Stewart, Debt Collection Expert and owner of Debt Recoveries 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, credit manager or accountant.

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Cash Flow during COVID

Debt Recoveries

The COVID-19 has taken the world by surprise and we here at Debt Recoveries 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.

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Managing Cash Flow During Covid

Debt Recoveries

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 debt recovery agent. . . Discuss this weekly with your bookkeeper, credit manager or accountant. Solvency .

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Increasing debt and rising fraud – A guest blog by Menzies LLP

CICM

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 debt recovery discussions. In the UK, fraudsters have defrauded furlough schemes to claim for non -existent employees in non-trading businesses.