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Is it time to write debt off? The year is ending. You are facing many debt collectibles. You are also trying to get on top of your payables. You are now making a plan on how to collect these debts and some debtors may have disputed the amount. What debts

The holiday sales season is a golden opportunity for businesses, especially for retailers as consumers customarily shop for gift ideas and online sales. But, to business owners, the December rush does not always convert to increased sales or positive cash flow due to lack of preparation and/or foresight. Here are

A creditor is someone – an individual or a business – owed money for goods delivered, or labour performed, or loans extended. Creditors are entitled to collect on money that are due them. Debtors are also obligated to pay what they owe. But, to be effective in collecting on debt,

In 2015, the Australian Taxation Office (ATO) pledged tougher tax collection. The tax office estimated $20 billion in tax debts and it was running low on cash. One of the actions proposed by the ATO was lowering the benchmark for legal action to $93,000 from $340,000. Slater Byrne Recoveries warned

Cash is important to a business of any size. Businesses need to collect whatever creditors owe them to maintain positive cash flow and continue to operate. If you are a small to medium business, you have three options to recover unpaid debts: Use your in-house invoice and payment reminder system, Hire