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How To Minimize Bad Debt For Small Business

As a small business owner, I am sure that you understand the importance of managing your cash flow, but are you doing your best when it comes to managing your overdue accounts receivable? Unfortunately, many small business owners are not. They are great in their field of expertise, yet are lost when they have a customer who is not paying their invoice. This can lead to catastrophic cash flow issues if the account is not addressed. There are two places that you can institute policies around to help minimize your risk of overdue accounts receivable before you extend credit to your customer and after the overdue account is accrued. The easiest way to minimize overdue accounts receivable is to head them off before they even...

How To Minimize Bad Debt For Small Business

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