For most of us it is the end of the financial year, this a great time to review the following:
*Your slow / non- payers – look at what action you have taken to date and what action you need to take to get paid i.e. is it time to hand the account(s) to a debt collection agency
*Ensure your credit control procedures regarding slow / non- payers are sufficient to ensure your get paid promptly and can handle any growth in sales
* Your terms of trade to ensure they are still current and comply with the Fair Trading Act in regards to not only the wording but are they correctly disclosed to your customers / clients and if you don’t have any terms of trade it is time you set about putting some in place
If you need help with any of the above give us a call.