Now that we are faced with a financial crisis, customers are holding on to their cash longer and more businesses are wasting no time hiring collections agencies to collect on owed debt. To avoid the option to hire a collection agency, business owners should identify a specific payment method to reduce uncollected receivable. Accepting credit cards and debit cards is a secure and quick way to receive payments for services. Business owners may also consider requesting a deposit for service costs upfront this will reduce the risk of chasing customers who don't pay.
Bookkeeping & More Services can assist you in create effective solutions, to ensure prompt payment for small business owners who have cash flow troubles. These solutions will save you time recovering owed money, thousands of dollars and improve cash flow.
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