Credit control is about controlling the amount of credit that your business allows. It is the art of preventing all credit arguments by putting systems in place that will avoid these types of situations ...
Don’t be distracted by your desire to increase your sales. Remember, if the sale is not paid for you will lose twice – firstly because you will lose the cost of producing the goods sold ...
It’s not always possible to get experienced credit staff. Some of your existing employees who have worked for you for some time can be trained in this credit area. They could be good because they know ...