The Credit Control Checklist is a comprehensive list of tasks and processes that a business needs to undertake in order to effectively manage their credit control function. The checklist includes steps such as setting credit limits for customers, conducting credit checks, creating payment terms and schedules, monitoring accounts receivable, sending out reminders and chasing payments, and implementing a dispute resolution process. It also includes actions to take when dealing with late payments, such as charging interest and fees, and taking legal action if necessary. The Credit Control Checklist is a useful tool for businesses to ensure they have a robust credit control system in place, which can help to improve cash flow, reduce bad debts, and improve relationships with customers.
What is credit control and why is it important?
What are the key elements of a credit control process?
How can I conduct effective credit checks?
What should I include in my invoices to ensure timely payment?
How can I effectively chase overdue payments?
How can I resolve disputes with customers?
What are some best practices for credit control?