Credit Control

Efficient and successful businesses survive by maintaining a good cash flow and minimising debtors. MHR offers a Control Service for Debt Collection - this usually being linked with a full book keeping service encompassing both Purchase and Sales Ledger services.

Undertakings for consideration:

Establish Credit Terms and levels
Collect trade references from other suppliers/banks
Monitor Credit Limits set checking to see that they are not exceeded
Consider minimum order level.
Establish Credit Terms agreement with customers
Establish a Standard Sales Contract if appropriate
Review appropriateness of discount policy for prompt/early payment
Consider and agree penalties for late payments