![]() Offer easy payment with a digital payment request It does give you an indication of the customer's financial situation and whether there are any problems that could lead to non-payment of your invoice. This register does not include tax debts. If you mainly serve consumers, you can ask for a ‘Personal Inspection’ ('Eigen Inzage') from the National Credit Register ('Bureau Krediet Registratie', BKR). Then you know if you are doing business with a party that has no financial problems. ![]() Check in the Netherlands Chamber of Commerce KVK Business Register (in Dutch) whether there is a bankruptcy or suspension of payment. Are your clients mainly entrepreneurs? Credit rating agencies Dun & Bradstreet and Graydon provide targeted business information. The following tips will help you ensure that your clients and/or customers pay on time: Credit check your clients and customersĬheck the creditworthiness and payment behaviour of potential clients in advance. Ensure that your clients and customers pay on time Debtor management starts before you enter into an agreement with your customer and ends when the invoice is paid. Good debtor management helps you to get your money (on time) and thus directly affects your cash flow. Debtor risk is the risk of your debtor not paying their bill (on time).ĭebtor management literally means managing your debtors. You then have more money available to pay your costs. For the cash flow of your company, it is important to keep the item ‘debtors’ on your balance sheet as low as possible compared to your turnover. On your balance sheet, creditors are listed under debts: liabilities.ĭebtor management, or credit control, is everything you do to get your clients and customers to pay their invoice as soon as possible. A creditor is a company, institution, or person whose invoice you still need to pay. Debtors (accounts receivable) fall under assets on your balance sheet. How do you manage your debtors? This article explains about calculating a collection period, debtor financing, and payment terms.Ī debtor is a customer or client who has received an invoice from you, but has not yet paid. ![]() But poorly paying customers cause stress and financial trouble. It is important to have a good relationship with them. ![]()
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