According to MY GP cloud, stick to your needs credit policy for the duration of challenging times and you will definitely assist your business get through the mess. You will also assist keep your current client relationships.
When times get tough, your customers may be enticed to pay your invoices. Do not let them. When you allow your customers to violate your credit policy, many things can happen.
A number of which are as follows:
Your customer is making his problem your problem. Unacceptable, you have enough to worry about and you do not need more problems.
Realising your customer’s inadequate payment overall performance might appear to be it truly is building up your relationship with them. It is not. Realising poor payment performance has a tendency to pervert an otherwise very good business model. The connection is going to just continue to keep weaken.
Once your customer knows that you will accept poor payment performance it will entice them to take further advantage of you.
In line with cloud accounting, even though it may seem counter-intuitive to believe that your client relationship may improve by not accepting slow payments, it is not. I have seen it occur sometimes. Adhere to your credit policy.
For more information regarding online financial software by: MYGPCloud.com
Article Source - http://blog.mygpcloud.com/2012/07/stick-to-your-credit-policy-and-save-your-customer-relationships
When times get tough, your customers may be enticed to pay your invoices. Do not let them. When you allow your customers to violate your credit policy, many things can happen.
A number of which are as follows:
Your customer is making his problem your problem. Unacceptable, you have enough to worry about and you do not need more problems.
Realising your customer’s inadequate payment overall performance might appear to be it truly is building up your relationship with them. It is not. Realising poor payment performance has a tendency to pervert an otherwise very good business model. The connection is going to just continue to keep weaken.
Once your customer knows that you will accept poor payment performance it will entice them to take further advantage of you.
In line with cloud accounting, even though it may seem counter-intuitive to believe that your client relationship may improve by not accepting slow payments, it is not. I have seen it occur sometimes. Adhere to your credit policy.
For more information regarding online financial software by: MYGPCloud.com
Article Source - http://blog.mygpcloud.com/2012/07/stick-to-your-credit-policy-and-save-your-customer-relationships
