Top tips for credit management

Kashflow logo
Share this content

Being owed money in late payments puts a strain on cashflow for small businesses, which is why we have put together some tips to help improve credit management. 

Following on from Top tips for healthy cashflow, our sister website BusinessZone's Lucie Mitchell recently published a digest of tips, sponsored by Visa, for getting the money you're owed on time and dealing with late payments. 

Here, we provide a round-up of key points they made:

  • Know your customer
  • Bill on time
  • Set out your payment terms clearly
  • Consider shortening your payment terms 
  • Provide a choice of payment methods
  • Communication 
  • Add a personal touch
  • Chase overdue payments immediately 
  • Consider charging interest on overdue payments

Please Login or Register to read the full article

The full article is available to registered members only. To read the rest of this article you’ll need to login or register. Registration is FREE and allows you to view all content, ask questions, comment and much more.


Please login or register to join the discussion.

There are currently no replies, be the first to post a reply.