Deductions High-Risk Accounts Small Businesses 
Your Virtual Credit Manager
JANUARY 17, 2023
Photo by Alex Radelich on Unsplash When small businesses add customers and increase sales, their company’s Accounts Receivable (AR) will grow. Share A Case in Point A parts distributor was having difficulty with collections and high dispute volumes. it just might help them pay you sooner!
Your Virtual Credit Manager
SEPTEMBER 17, 2024
For small business executives, and many mid-sized businesses as well, managing collections effectively can be a significant challenge, particularly when time and resources are limited. Over time, this erodes profitability and financial stability, making it harder to keep the business running smoothly.
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Your Virtual Credit Manager
NOVEMBER 14, 2023
Purchasing Credit Insurance, however, will only reduce the risk problem if: The policy covers the financially weak, higher risk customers. Credit Insurance policies often exclude individual, high risk accounts. Insurers want to be paid for the risk they bear. Insurers want to be paid for the risk they bear.
Your Virtual Credit Manager
APRIL 11, 2023
Poor Credit Controls: Poor credit control practices can result in providing goods or services to high-risk accounts that are likely to pay beyond terms or even default on payments. Please feel free to share this newsletter with your small business customers. Here’s more on Credit Checks.
Your Virtual Credit Manager
JUNE 27, 2023
Firms that take a lot of payment deductions can fall into this category. Please feel free to share this newsletter with your small business customers. Share The High-Risk Account: Ideally you do not want to extend credit to high risk accounts. it just might help them pay you sooner!
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