Past Due Again

Every business owner knows what it’s like to have past due accounts. When people owe you money, it can be quite a hassle and it costs you more to run your business. Some customer’s are late every month while others pay weeks in advance. What can you do the prevent people from continuing on the road of past due? There are a number of techniques you can use to get money faster. How do you approach the customer who pays late every month? Many business just send out another invoice, some call the client and others just allow them to build up a balance hoping they will eventually pay. All of these can sometimes work but when you take a more pro-active approach you can break the bad habits of poor paying customers. Your approach can directly affect your bottom line, increase revenue and make running a business more enjoyable.