Accounts Receivable Nightmares: Collecting On Delinquent Accounts
Source: American Express
How do you collect on delinquent accounts without damaging the customer relationship? How do you manage the balance between keeping a steady stream of new clients coming through the door, servicing your existing clients, and keeping the accounting books even? Issues such as cash flow management, administrative organization, and the ability to set firm payment terms will contribute to the ease - or lack thereof - of managing your business and collecting successfully on delinquent accounts.