WHAT IS YOUR BAD DEBT RATIO?

Written By Guest User

For nearly 20 years I have truly seen and heard it all when it comes to bad debt in a company.

Most people think that 3-5% of bad debt relative to their revenue, is their "magic number".

What I can confidently tell you is our company historically knows how to get your bad debt under 1%.

Here are 3 ways to lower bad debt:

  1. Have a credit policy

  2. Not all business is good business, it starts with lead generation

  3. Understanding why the customer didn't pay their invoice

Which of the above were you most unaware of?

Katie Keich, June 17 2021

Guest User
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