Increasing Bad Debt

  • You are not able to follow up on collection issues in a timely manner or not following up at all.
  • You are incurring increasing bad debt.
  • Receivables are too high.
  • You are missing deadlines and follow-ups.
  • Uncertain when a new trial balance is printed, if all notes are transferred to the new report.
  • You have a manual process to generate collection letters and emails for each customer.
  • The activity is labor-intensive.
  • Uncertain whether letters are processed manually for customers with past due accounts.
  • It takes time.
  • Emails are typically generated one at a time or in batches or groupings.
  • Hard copies of letters are kept to track the history.
  • Cost unknown.

About the Author: AJ Amjad Khanmohamed

Leave a Reply

Your email address will not be published. Required fields are marked *