How to run effective credit checks
Checking a customer's ability to settle debts on time is vital in the current climate
In the turbulent economic conditions, small businesses need to police new customers and monitor the performance of existing ones to guard against the risk of bad debt, the Institute of Chartered Accountants in England and Wales (ICAEW) has warned.
According to Clive Lewis, head of SME issues, small firms should invest in new credit check for all customers to ensure they are aware of any potential problems. Full story >
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