Description
Book SynopsisGive your business a successful credit and collections plan with this easy and clear guide Over 100,000 businesses have slow or non-paying customers. Yet very few actually have a workable plan for claiming the missing revenue that results. This book gives you a complete solution and tool set to ensure your business maximizes its collections while maintaining an effective, profitable credit plan.
You''ll discover how to set up an efficient in-house credit policy that not only lets you collect more debts, but also boost sales, increase cash flow, and grow profits. Step-by-step credit management instructions show you how to weed out bad-paying customers, add more good-paying customers, collect on past-due balances, avoid bad debt, and limit credit risk.
- Contains all needed forms to set up and implement an effective credit policy
- Author is a popular columnist for several newspapers and national magazines, and appears regularly in the media as a go-to
Table of Contents
Foreword Harry A. Strausser III ix
Preface xiii
Chapter 1 What Is Credit Management? 1
Chapter 2 How Credit Affects Business 65
Chapter 3 Effective Payment Arrangements 77
Chapter 4 Handling Customer Deductions 101
Chapter 5 Debt Collection Calls 109
Chapter 6 Using E-Mail in Collections 119
Chapter 7 Using Social Media in Collections 145
Chapter 8 Third Party Collection Services 157
Chapter 9 Debt Collection Laws, Rules, and Regulations 169
Conclusion 197
About theAuthor 201
Index 203
