11 months Tips to help businesses collect on bills Manilatimes |Biz
NEW YORK: Customers who pay late or don’t ever pay are a problem for any company, but particularly for small business owners who lose time and money pursuing the money they’re owed. Some tips to help owners be sure they get paid: – Use written contracts that spell out payment terms. Contracts serve two major purposes, putting customers on notice about when and how they’re supposed to pay. And if an owner needs to take a non-payer to court, the contract will be evidence that the customer agreed to the terms, says Michael Eckstein, an accountant based in Huntington, New ... more