In accordance with MY GP cloud, stick to your credit policy throughout difficult times and
you should guide your business cope with the clutter. You will additionally assist retain your
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.
Several of that are the following:
Your customer is making his problem your problem. Unacceptable, you have enough to
worry about and you do not need more problems.
Acknowledging your customer’s weak payment performance might appear to be it truly is
building up your relationship with them. It is not. Accepting poor payment performance
tends to pervert an otherwise excellent business model. The bond will just continue to keep
Once your customer knows that you will accept poor payment performance it will entice
them to take further advantage of you.
As outlined by cloud accounting, even though it may seem counter-intuitive to think that
your client relationship may improve by not acknowledging slow payments, it is not. I have
come across it happen often. Stick to your credit policy.
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Source for This Article - http://blog.mygpcloud.com/2012/07/stick-to-your-credit-