Glossary
Debt collection
Debt collection is following up customers who owe you and reminding them until they pay what they owe.
What it means for a shop owner
Start with a polite written reminder, then call, and record each attempt. Send a clear statement of account. Never go beyond what the law allows when pressing a debtor.
A worked example
40 customers owe you 6000, so you chase the oldest first and collect 1500 in a week.
Related
Try it in your shop, free, no card.
The free plan: the whole shop for one branch, an offline cashier with stock, debts and accounting, with a daily limit on invoices, expenses and purchase orders. What it includes