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Semelhante a 4 counties workshop
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4 counties workshop
- 1. Hitchin Business Networking 27th April 2010 How to get that payment with minimum effort or cost
- 2. What is CfAB Cash Flow Reducing Costs Paying Slower Collecting Faster Debtor Days
- 3. 3 Parts to today’s workshop Most important part of debt collection The judgment process The effects of the Courts, Tribunals & Enforcement Act 2007 – The Sale
- 4. Groundwork Know your customer Credit check! Who When T&Cs
- 5. The Follow up Stick to your T&Cs Deal with Disputes!!!! Use a 3rd Party to collect Confirm everything in writing
- 6. Getting legal Final Demand www.moneyclaim.gov.uk Response pack Judgment
- 7. Enforcement Transfer to High Court Cost 96p in the £1
- 8. New Act No more Bailiffs No Sheriff Officers / HCEO SIA? Force entry
- 9. Due diligence is the most important part of debt collection The judgment process The effects of the Courts, Tribunals & Enforcement Act 2007
Notas do Editor
- Cash flow is the difference in amount of cash available at the beginning of a period and the amount at the end of that period. It is called 'positive' if the closing balance is higher than the opening balance.Cash flow is increased by reducing costs, collecting faster & paying slower.BBC News articleIt is termed the 'life blood' of a firm, more firms go out of business due to an anaemic cash flow than for any other reason.Debtor days/Days Accounts Receivable/Days A/R - Average number of days a firm takes to collect payments on goods sold. Numbers much higher than 40 to 50 days indicate collection problems and significant pressure on cash flows.
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