"We're having a great year, and because cash flow is good we haven't really been too concerned about our bad debts or slow payers. "When times are good it is very easy to let the slow payers stretch you out. The issue with doing this is that the longer a debt is left, the more difficult it is to obtain payment from these clients. It is very difficult to obtain payment if the contact details you have are no longer valid as bad debtors tend to move frequently.Businesses and individuals go through ups and downs and although they may have had the money when you initially provided goods and services to them, further down the track the company/individual may face financial difficulties when there is a delay in following up outstanding invoices. Call CollectIT TODAY on 07 834 9111 to get your ledger in order before year end.
