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Making a financial health checklist to know the status of your business will allow you to make informed financial decisions so you can better allocate resources for your business to operate with a positive cash flow. Regularly evaluating the financial health of your company is one of the best business practices you can implement. This process not only allows you to determine whether your account books are in good order but also helps keep you on track and allows you to make informed financial decisions. If you are not implementing this practice yet, now is a great time to start!...Read More
A Client recently engaged Slater Byrne Recoveries to help collect a three-year-old debt. The Client referred this debt to another debt recovery company last year but that firm was unable to collect the amount and, thus, the debt remained outstanding. To recover the amount, we employed a two-pronged strategy that used both credit default listing and a Stat Demand to recover the unpaid debt. The Issue The Client has three unpaid invoices for services. The debtor has not disputed the amounts but our Client said they were merely ignoring their obligation to pay. Because of the debtor's delaying tactic, the...Read More