In most situations, the sale is only considered made after good collection. The cash proceeds from your company’s sales are the “fuel” needed for survival. Ensuring that you receive your customers on time is very important. With the help of your accounting firm, implement the process that ensures the tracking of your customers’ debit balances. Never be afraid to ask your customers to comply with the agreed terms, ensuring the timely collection of your credit sales.
Today we share some ideas that can help you:
– Invoice on time. Billing at the time the sale of your product or service is made is essential in this process. There are many micro, small and medium-sized companies that, unfortunately, wait too long to invoice after the sale has been made. In this way, they are the main responsible for delays in receipts.
– Regularly review the balances of your customers’ accounts, with updated information, so that, if necessary, you are able to alert your customers to any delays in payments.
– Do not be afraid to ask your customers, those who are late in payment, to settle the invoice or outstanding invoices. Your company is not a banking entity, nor does it live off credits to its customers, therefore it is not intended to finance its customers. You also have your commitments and you have to pay your bills, the products you bought from your suppliers or the people you pay monthly salaries to provide the services you sell.
Never let your customers’ payments be delayed beyond the agreed deadlines
– Do not be afraid to ask your customers, those who are late in payment, to settle the invoice or outstanding invoices. Your company is not a banking entity, nor does it live off credits to its customers, therefore it is not intended to finance its customers. You also have your commitments and you have to pay your bills, the products you bought from your suppliers or the people you pay monthly salaries to provide the services you sell.
Never let your customers’ payments be delayed beyond the agreed deadlines Your business suffers when this happens and your customers know it, so debt payments should rightly be demanded.
If you want to be successful in your business then it is essential to receive your customers on time. It can be a very demanding task, but your customers need to know that the purchases they make must be paid within the agreed deadlines!
