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Suggest You - How To Decide On Giving Credit To Your Customer
Accounting has been called as the language of business. Accounting is the system which measures business activities. It processes activities in business into reports and communicates the results to top management. Let us now look through the advancement of accounting.Ancient AccountingAs early as 8500 B.C., accounting has already existed. Archaeologists have found clay tokens as old as 8500 B.C. found in Mesopotamia which were usually cones, disks, spheres and pellets. These tokens correspond to such commod
Checks: they are riskier than credit cards, because the check could prove to be NSF – non-sufficient funds, and YOU not the bank will be out the money.
Credi
Reports suggest that a majority of online businesses fail. This means that you will need to avoid the common reasons for the failure in order to make a success of your online business.Instant results:In the day of instant gratification and lightning speed, everyone wants everything yesterday. The level of expectations is further heightened by the number of stories doing the rounds about internet millionaires and guys who invented the next big thing online. A huge number of internet businesses fail simply due
Here are 3 ways to help in the decision process, and help minimize the risk of extending credit.
1. Evaluate the risk factors of each payment type, and decide on which level of risk you are comfortable with.
Cash: zero risk (unless you forget to check for counterfeit bills).
Credit Cards: fairly safe, the risk is on the credit card company, as long as you follow the procedures of checking the signature & expiration dates. There is a possibility of a charge back, but you will be able to provide proof of a legitimate sale to resolve that. Sales over the phone or internet are a different story, the risk is of a stolen credit card, or a fraudulent card obtained by identity theft.
See the section on Scams & Frauds in “Get Your Money EZ, A Business Owner’s Guide to Collecting Their Receivables”, for more information, and ways to protect yourself and your business. (link information is provided below).
Checks: they are riskier than credit cards, because the check could prove to be NSF – non-sufficient funds, and YOU not the bank will be out the money.
Credi
There's nothing that says your cleaning company is doing a great job more than when your building's restrooms are not only clean, but fresh-smelling. After all, when employees or visitors enter a restroom they "hope" to be confronted with a pleasant scent - pine, citrus or just a clean smell. Unfortunately, that is not always the case. Often when individuals enter a restroom they are assaulted with an overpowering scent or even unpleasant odors.Looking through any janitorial supply catalog there is a wide range of prod
Here are 3 ways to help in the decision process, and help minimize the risk of extending credit.
1. Evaluate the risk factors of each payment type, and decide on which level of risk you are comfortable with.
Cash: zero risk (unless you forget to check for counterfeit bills).
Credit Cards: fairly safe, the risk is on the credit card company, as long as you follow the procedures of checking the signature & expiration dates. There is a possibility of a charge back, but you will be able to provide proof of a legitimate sale to resolve that. Sales over the phone or internet are a different story, the risk is of a stolen credit card, or a fraudulent card obtained by identity theft.
See the section on Scams & Frauds in “Get Your Money EZ, A Business Owner’s Guide to Collecting Their Receivables”, for more information, and ways to protect yourself and your business. (link information is provided below).
Checks: they are riskier than credit cards, because the check could prove to be NSF – non-sufficient funds, and YOU not the bank will be out the money.
Credi
Cleaning needs can arise any time. Whether it is a particularly bad day, repair work debris, or routine kitchen accidents, you may need to call up a janitor service to help you get the shine back on your premises. Toll free numbers come in handy in such situations.Janitor services provide a team of trained professionals who know the art of cleaning well. Using special equipments and cleaning solutions, they can help in removing stubborn stains and keeping the surfaces unharmed at the same time.If you need urgent
Credit Cards: fairly safe, the risk is on the credit card company, as long as you follow the procedures of checking the signature & expiration dates. There is a possibility of a charge back, but you will be able to provide proof of a legitimate sale to resolve that. Sales over the phone or internet are a different story, the risk is of a stolen credit card, or a fraudulent card obtained by identity theft.
See the section on Scams & Frauds in “Get Your Money EZ, A Business Owner’s Guide to Collecting Their Receivables”, for more information, and ways to protect yourself and your business. (link information is provided below).
Checks: they are riskier than credit cards, because the check could prove to be NSF – non-sufficient funds, and YOU not the bank will be out the money.
Credi
One day at the office I was taken quite aback when I attempted to open an Excel spreadsheet I'd created and was prompted with the message: File in Use. Open as a read-only file? File in use? What was that all about? It was, after all, my file. Who else would be using it?The answer to that last question was, of course, anyone. Anyone at all could be using it. I worked in a company with 200+ employees and most of our documents were saved on drives with shared access. My file, essentially, was available to
See the section on Scams & Frauds in “Get Your Money EZ, A Business Owner’s Guide to Collecting Their Receivables”, for more information, and ways to protect yourself and your business. (link information is provided below).
Checks: they are riskier than credit cards, because the check could prove to be NSF – non-sufficient funds, and YOU not the bank will be out the money.
Credi
Thorough meeting preparation alleviates anxiety. Good planning guarantees that meetings are relevant, don’t overrun and aren’t held back by uniformed, boring or disinterested attendees. Follow these 19 timeless tips to keep your meetings on track and on time.When preparing your agenda …1. Identify the aim of your meeting2. Put the most important items first3. Establish a clear outcome for each point4. Judiciously choose meeting invitees. Ask yourself, “Who should attend?” “Should attendees
Checks: they are riskier than credit cards, because the check could prove to be NSF – non-sufficient funds, and YOU not the bank will be out the money.
Credit Accounts: they are the highest risk, especially because of the time factor, you may not realize you won’t be paid for 30, 60, 90, or longer days!
2. Always use a signed Credit Application, and Credit Agreement.
Your credit application has to perform several functions:
* Use it to get all the information you need to make your “credit worthy” decision (this same information is needed if you have to chase them for a bad debt).
* Use it to let them know in plain English what their requirements will be, and what your credit policies are.
* Use it to protect you for requirements under the law.
3. Credit is based on your business relationship, in other words, how much do you trust the other business?
Use the completed Credit Application to ask yourself some qualifying questions:
* Have they been Cash On Demand (COD) for a while, and now you look over their history, and feel you could try them at Net Amount due in 15 days (NET 15)?
* Are they brand new to you, but been in business for a few years, and their credit references speak highly of them?
* You feel comfortable based on their c
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