Credit Management, Deductions and Short Pay

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Credit Management

Deductions

Short Pay

Are Your Customers as Profitable as You Think?

Your Virtual Credit Manager

DECEMBER 20, 2022

it just might help them pay you sooner! The one measure that may fall short if the customer defaults is a Uniform Commercial code (UCC) Security Agreement — you may not be able to recover all your collateral or the proceeds thereof, especially if your UCC filing puts you in a second position behind a lender, which is a common situation.

Deductions

Deductions Credit and Collections Bad Debt Credit Risk

Are Your Profits Going Up in Smoke?

Your Virtual Credit Manager

SEPTEMBER 13, 2022

Photo by Jp Valery on Unsplash Payment deductions, also known as chargebacks or short pays, happen when the customer pays less than the full invoice amount. Should you confirm that the customer is indeed correct, the deduction is removed from the Accounts Receivable (AR) ledger via a credit memo.

Deductions

Deductions Credit and Collections DSO Accounts Receivable (AR)

Credit Management Source

Are Your Customers as Profitable as You Think?

Are Your Profits Going Up in Smoke?

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