How to Effectively Tame Company Receivables

One of the greatest risks for small and medium businesses is certainly past due receivables. Preventing this risk or promptly responding to problems with receivables is the main focus of this lesson. You will get many useful tips on how to keep your receivables under control and not take chances with the survival of your business.
TABLE OF CONTENTS:

Wipe receivables off your books
Use your competitive advantage
Request advance payments
Offer your customers benefits and bonuses
Put retention of ownership in your contracts
Focus in particular on prevention
Thoroughly check the creditworthiness of your customers
Try to settle with debtors out of court
Hire an attorney or collection agency

CLOSING ADVICE:

How to collect foreign receivables