The lowdown: warding off bad debts
Refusing to offer credit is not an option
Chasing payment can be a serious challenge for small businesses dependent on cashflow. Refusing to offer credit is not an option, so steps must be taken to mitigate against the threat of bad debt wherever possible.
Before starting to do business with any customer ,you must be absolutely sure of who you are dealing with.
Every business should have an initial account opening form, which has to be completed with vouching documentation, before they commence...
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