DEALING WITH THE FUSS OF BAD DEBTS RECOVERY
One of the worst situations that almost every business faces is dealing with Debt Recovery. When your debt recovery starts looking to bad debt recovery then it starts pinging the alarms. The sound of such alarms are too loud to boil up your mind with a confused mix of emotions that leaves you just responding to the situation without letting you taking and giving time to resolve the matter adequately. Bad debt recovery creates so much tension for the business. If the number of bad debts starts increasing it, surely affects the long-term output of the business not in the financial statements...