Top credit management tips to keep the cash flowing

Agree payment terms before you supply It's always dangerous to assume that a customer will pay within the standard 30 day period, so be clear from the outset when you want to get paid. Ask customers to agree to your payment terms, including penalties, in writing. These terms should also be clearly described on your application forms and the invoices you subsequently send out. Read our top tips for establishing payment terms. Know your customer Check the exact name and legal status of each of your customers (you will need this if you ever have to take legal action to

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