Accounts payable Deals Why Lie
A client requests an extension, they are willing to talk to you, but never still see the check. In this type of economy, which are required to have a few late pays. Why is it that the final accounts to pay so many lies? What kind of lies could be a client what it means to give? – “The check is in the mail” – “Do not get the bill” – “Not satisfied with the service” – “Waiting for approval” These accounts to lie because they are trying to buy time.
Why is it that the accounts end of paying so many lies?
What kind of lies could be a client what it means to give?
- “The check is in the mail”
- “Do not get the bill”
- “Not satisfied with the service”
- “Waiting for approval”
These accounts to lie because they are trying to buy time. Honestly, they mean to you pay, they simply do not have the money or resources to pay at this time. How can we better manage these accounts?
The first thing I do is get on a payment plan, suspend your account and get paid something. This is to reduce the amount of the costs associated with managing your account to receive something for their time. If the client can not make a payment, which are a risk.
These accounts payable are unnecessary downtime are just temporary problems paying you. It is important to bear in mind that these surges, or sent to a collection agency hard. Have a policy to work with these accounts .
Let customers make smaller payments by credit card, direct bank transfer or other means to get money fast. Want an automated system instead of having to call every week. Most clients meet their obligations and a structured payment plan will help identify those who will not pay without increasing your risk.
The best thing to do for a client at the other end is to help them get to the truth. Work with them to the extent you receive a payment, but in point are confident that they can not pay , then work to minimize their losses.
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