Bad Debts

With many commentators predicting a down turn in the economy, you may feel taht now is a good time to review the creditworthiness of your customers. Non payment of money owed can be devastating for a business. Simply checks, such as reviewing the register of outstanding invoices, can help avoid bad debts. Recent changes to the law mean that in many cases the cost of recovering monies due to you can be passed on to your customer making it more cost effective to pursue bad debts. If you would like more information on credit management or recovering bad debts please contact us.