Small business debt collection tips & info are always good to know.
If you are in business long enough chances are you will run into debt collection issues sooner or later. It is never a pleasant situation but one that can be avoided a lot of times and needs to be dealt with consistently and persistently if you want to see your money owed.
We have dealt with many debt collection files in Calgary and in Alberta over the years and know that the businesses who have a good system in place for credit checking and a sharp person responsible for their accounts receivable are far less exposed to having bad debt owed to them than those who don’t.
I found an article that has a pretty good outline on what to do. You can read it here: