If you allow your customers to carry a balance, you have to assume that some of them will evolve into a delinquent account. There are two simple things you can do to maximize your ability to collect the money you are owed when this happens. One: collect the right information up front. Two: have a clear agreement with specific terms signed by the customer. Your best opportunity to obtain information essential for collection is at the beginning of the relationship. It is at this point that a … [Read more...] about Maximizing the Collectability of Your Accounts Receivable