Commercial Business: 3 Ways of Dealing with Bad Debts
If you operate a small commercial business, sooner or later you will encounter a bad debt. A bad debt occurs when you have invoiced a client and recorded the income but then the customer fails to make payment. As well as being very annoying, bad debts can have a severe impact on your cash flow. Below is a guide to 4 steps you can take which will help you to deal with bad debts.