This checklist action to improve collection of accounts template template has 1 pages and is a MS Word file type listed under our credit & collection documents.
CHECKLIST ACTIONS TO IMPROVE COLLECTION OF ACCOUNTS Unfortunately, if your company extends credit to your customers it is inevitable that some of those customers are not going to pay you on time. In fact, you can be sure that some of those customers are not going to pay you at all! The following actions can help improve your chances of collecting your accounts. boxshadowdwn Require payment by cash or credit card whenever possible. boxshadowdwn Encourage customers to pay sooner by offering discounts for payment within a specific period of time. For example, you could offer a 2 percent discount if an accou