At Budget Bookkeeper and Accountants, we can help you in developing your credit policy, such as assessment of clients before granting credit, credit application, collection, and follow up procedures. If implemented correctly, Credit Control serves the dual purpose of:
(1) Increasing sales revenue by extending credit to customers who are deemed a good credit risk.
(2) Minimize the risk of loss from bad debts by restricting or denying credit to customers who are not a good credit risk.
As you are aware, Stock or Inventory system encompasses all aspects of managing a company’s inventories, purchasing, shipping, receiving, tracking, warehousing and storage, turnover, and reordering. We can also help you set up systems that will track stock and automate reordering when stocks run low.
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