
How to manage debtors effectively
Most businesses fail as it is not able to generate enough operational cash to keep up with its day to day business cash commitments, even though the business seems profitable on paper. One of the prime reason for generating little operational cash is slow moving debtors. Here are a few tips for managing debtors more effectively: Credit Terms: Set up a credit term that is more appropriate for your business. If you are unsure look at the terms offered by your competitors or wha