Proper Credit Policies & Procedures Can Help Minimize Your Cash Flow Risk
Source: American Express
Along with slowing sales, many small businesses are encountering difficulty collecting on money that is owed to their business. A recent Intuit Payroll Survey of over 1000 small businesses indicated about 50% are having this problem. Is your business one of them? It's hard to keep your cash flow on an even keel when people won't pay you for the work you've done. To have good cash flow in your business, it's important to have good credit and collection policies.