Credit Control Best Practices

Below are lists of proven credit department best practices. By attending credit group discussions and joining networks you can learn what other companies in your field are doing. Proven Credit Practices Develop a questionnaire for sales reps to complete for potential new customers to acquire credit information; this will reduce research time. A good DSO depends on tight policies and procedures. When costing out your products, you should include a certain amount of bad debt in the cost of…