|Checking for Credit|
|Setting Credit Limits|
|Your Credit Terms|
|Everyday Credit Control|
|Working with Big Companies|
4.1 Invoice promptly. The sooner you invoice, the sooner the payment is due.
4.2 Call the customer to confirm each delivery has arrived and that no goods were missing or damaged. Confirm the payment details.
4.3 Set aside a regular time each week to chase outstanding invoices, focusing on:
4.4 If a customer exceeds your credit limit, insist the excess is paid before accepting any more credit orders.
4.5 If a customer has not bought from you for six months, or orders fall below your minimum, find out why.
4.6 Every month check the total credit outstanding across your whole business.
4.7 In a seasonal business you may be unable to chase debts during your busy period.
4.8 Consider using a monitoring service, offered by most credit reference agencies, to monitor the ongoing financial status of your customers.