Accounting and Finance : Effective Debt Collection Strategies
Debt collection strategies, finance, Accounting and finance,
Simpliv LLC
Summary
- Certificate of completion - Free
- Tutor is available to students
Overview
About this Course
Effective Debt Collection Strategies is proactively controlling customer debt and getting paid on time.
In this course I will teach you how to reduce the current debt and how to manage the future overdue customer debt effectively
The strategies include improving office procedures and many downloadable resources such as collection letters.
Description
What you will learn
- You will learn how to proactively control customer debt and get your customer to pay their invoices by due date
- If you have a large unpaid ledger this course will give you strategies on how to reduce that debt
- How to make sure your customer understands your terms of trade to reduce the risk of unpaid invoices
- You will also learn an overdue invoice strategy and there is a phone script for those who have difficulty in knowing what to say to a customer.
This course will cover the following topics
Introduction
- Introduction to course
- What will you get from this course?
- Why don't customers pay?
Cost of the Ledger
- Cost in labour
- Cost to the business when a sale is written off
- Reduce the Ledger by 50%
Office Procedure Evaluation
- Inefficiencies in office procedures
Policies and Procedures
- Why Policies and Procedures are important to your business
Reduce the current customer debt
- Strategy to reduce the current customer debt
Debt collection activities
- Payment, complaints and reports
- The Overdue Invoice Strategy
- Customer Excuses
- Meetings
- The preparation for the phone call
- The phone call script
- Cash flow problems
Conclusion
- Conclusion
Who is this course for?
- Small, Medium & Large Business organizations
- Bookkeepers, accountants, business managers
Requirements
- I recommend that the learner has basic bookkeeping and business management knowledge to be able to understand the concepts in this course
Career path
The average pay for a Financial Controller is $81,146 per year.
Questions and answers
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Certificates
Certificate of completion
Digital certificate - Included
Reviews
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Legal information
This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.