Three Critical Guidelines on Minimising Commercial Bad Debts
The primary advantage of offering goods on credit to your customers is the significant increase of total sales. In simple terms, individuals and businesses are more likely to make large purchases from your operation if they are not required to pay for the pertinent services or goods immediately. If you do not provide sufficient credit for your customers, you might end up losing them to competitors. On the other hand, indiscriminate credit is a significant problem for any business because it will create cash flow problems.