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Showing posts with label debt. Show all posts
Showing posts with label debt. Show all posts

How Do You Account For Bad Debts?

There comes a big problem with lost money if you accrue bad debts. This can happen is a customer on credit is suddenly unable to pay you or has no intention of paying you. It becomes complicated to take bad debt into account because you might not even notice it till the following tax year. This is why hiring a bad debt collection agency might just be the best idea for you. This way, you can save your company from working at a loss or having...

What You Need to Know About Debt Collection Agencies

Your bad debts can slow down the growth of your business and in the worst case, they may also result in a major blow to business which will be hard to recover from. It is important that you make prior arrangements to recover your debts. Many a time it happens that the business contact debt recovery agencies after the passage of 3-4 months, this decreases the probability of you getting your debt back. Therefore, it is advisable that you keep...