AccountingWEB members guide to dealing with bad debts. By Dan Martin
AccountingWEB members offer their top tips on how businesses and accountancy practices should deal with and prevent bad debts.
Following research showing that HMRC is increasingly using winding up petitions as part of its debt collection offensive, we asked AccountingWEB members how they manage bad debt. This article draws together their words of wisdom.
Several members believe key to preventing bad debts is maintaining a good relationship with clients.