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Designing your business's credit policy

Business clients often prefer to be billed for purchases rather than paying upfront. That means you may need to establish receivable accounts for most business-to-business transactions. Unfortunately, it also means cash flow complications or worse if you take on commercial clients who don't pay on time, or at all.

Luckily, you can minimize the risk of delinquent accounts by creating strong payment and credit policies. Consider these four methods:

A good credit policy will help you start to get a handle on your cash flow. Questions? Give us a call.

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