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Will You Add? - How To Decide On Giving Credit To Your Customer
The Canadian oil sands represent one of the most lucrative investment opportunities to oil and gas investors. With a reserve life of 35 – 50 years the oil sands will be a major source of crude oil for the years to come and will have a dramatic impact on crude oil prices. From an investor perspective it is valuable to know who the major players are in the Canadian Oil sands. Below are 4 of the major players in the Canadian oil sands.SyncrudeSyncrude is currently the worlds largest producer of crude oil from oi
Credit Accounts: they are the highest risk, especially because of the time factor, you may not realize you won’t be paid for 30, 60, 90, or longer days!
2. Always use a signed Credit Application, and Credit Agreement.
Your credit application has to perform several functions:
* Use it to get all the i
With ECO issues making the headlines in most countries around the world, often the finger can and should be pointed at the large multi-nationals we see on our high street.We have been in business for twenty three years, over the last decade we have witnessed large national companies abandoning the local businesses in favour of, again, larger national companies. This has a damaging effect on local economies in many ways.For example, a large supermarket arrives just outside of town. We must agree that they generat
Here are 3 ways to help in the decision process, and help minimize the risk of extending credit.
1. Evaluate the risk factors of each payment type, and decide on which level of risk you are comfortable with.
Cash: zero risk (unless you forget to check for counterfeit bills).
Credit Cards: fairly safe, the risk is on the credit card company, as long as you follow the procedures of checking the signature & expiration dates. There is a possibility of a charge back, but you will be able to provide proof of a legitimate sale to resolve that. Sales over the phone or internet are a different story, the risk is of a stolen credit card, or a fraudulent card obtained by identity theft.
See the section on Scams & Frauds in “Get Your Money EZ, A Business Owner’s Guide to Collecting Their Receivables”, for more information, and ways to protect yourself and your business. (link information is provided below).
Checks: they are riskier than credit cards, because the check could prove to be NSF – non-sufficient funds, and YOU not the bank will be out the money.
Credit Accounts: they are the highest risk, especially because of the time factor, you may not realize you won’t be paid for 30, 60, 90, or longer days!
2. Always use a signed Credit Application, and Credit Agreement.
Your credit application has to perform several functions:
* Use it to get all the in
Globalization has put forth India’s business community in the international market. Various foreign trade policies and investment policies have been framed to facilitate foreign trade and increase the profitability of the Indian garment manufacturers. The advent of liberal trade policies in textile and garments sector have made it possible of usage of modern technologies and international methods of manufacturing clothes. This sector of garments is one of the most successful and important in terms of foreign exchange generati
1. Evaluate the risk factors of each payment type, and decide on which level of risk you are comfortable with.
Cash: zero risk (unless you forget to check for counterfeit bills).
Credit Cards: fairly safe, the risk is on the credit card company, as long as you follow the procedures of checking the signature & expiration dates. There is a possibility of a charge back, but you will be able to provide proof of a legitimate sale to resolve that. Sales over the phone or internet are a different story, the risk is of a stolen credit card, or a fraudulent card obtained by identity theft.
See the section on Scams & Frauds in “Get Your Money EZ, A Business Owner’s Guide to Collecting Their Receivables”, for more information, and ways to protect yourself and your business. (link information is provided below).
Checks: they are riskier than credit cards, because the check could prove to be NSF – non-sufficient funds, and YOU not the bank will be out the money.
Credit Accounts: they are the highest risk, especially because of the time factor, you may not realize you won’t be paid for 30, 60, 90, or longer days!
2. Always use a signed Credit Application, and Credit Agreement.
Your credit application has to perform several functions:
* Use it to get all the i
In the United States the Airport and Airway Trust Fund are providing funds for capital improvements to the US airport and airway system and in order to fund the aviation trust fund taxes have been imposed on both commercial and non-commercial aviation. Below we are going to look at air freight tax and what exactly it is with reference to the United States.There are two types of taxes that are imposed on the air freight services as follows: 1. Waybill tax imposed on freight transportation. 2. Fuel taxes o
See the section on Scams & Frauds in “Get Your Money EZ, A Business Owner’s Guide to Collecting Their Receivables”, for more information, and ways to protect yourself and your business. (link information is provided below).
Checks: they are riskier than credit cards, because the check could prove to be NSF – non-sufficient funds, and YOU not the bank will be out the money.
Credit Accounts: they are the highest risk, especially because of the time factor, you may not realize you won’t be paid for 30, 60, 90, or longer days!
2. Always use a signed Credit Application, and Credit Agreement.
Your credit application has to perform several functions:
* Use it to get all the i
Whenever a company becomes dominant in its sector, many of its competitors cry foul. In a free economy that company has more than likely reached this position because it has simply outperformed its rivals. Good luck, I say. Although it goes against the grain, I recognise that there would come a point - a point, that is, when dominance turns to monopoly - when the authorities may need to clip the wings of such a successful company. However, this must surely be a last resort. I am convinced that European countries have got t
Checks: they are riskier than credit cards, because the check could prove to be NSF – non-sufficient funds, and YOU not the bank will be out the money.
Credit Accounts: they are the highest risk, especially because of the time factor, you may not realize you won’t be paid for 30, 60, 90, or longer days!
2. Always use a signed Credit Application, and Credit Agreement.
Your credit application has to perform several functions:
* Use it to get all the i
To many, it might seem that efficient freight transport and taking care of the environment are incompatible objectives.After all, the traffic produced by freight transportation damages the environment by polluting the air and creating noise. As well as undermining the quality of life in cities it also contributes to global warming.However, freight transportation is necessary in order for us to receive products into shops for us to buy. As a result, it is necessary to find a way to have an efficient freight trans
Credit Accounts: they are the highest risk, especially because of the time factor, you may not realize you won’t be paid for 30, 60, 90, or longer days!
2. Always use a signed Credit Application, and Credit Agreement.
Your credit application has to perform several functions:
* Use it to get all the information you need to make your “credit worthy” decision (this same information is needed if you have to chase them for a bad debt).
* Use it to let them know in plain English what their requirements will be, and what your credit policies are.
* Use it to protect you for requirements under the law.
3. Credit is based on your business relationship, in other words, how much do you trust the other business?
Use the completed Credit Application to ask yourself some qualifying questions:
* Have they been Cash On Demand (COD) for a while, and now you look over their history, and feel you could try them at Net Amount due in 15 days (NET 15)?
* Are they brand new to you, but been in business for a few years, and their credit references speak highly of them?
* You feel comfortable based on their credit check, to extend credit to them, especially because you have tight policy & procedures in place?
* They don’t show any of the “Dead Beat” red flags?
Note: a complete listing of the “dead beat” red flags is in chapter 3 of “Get Your Money EZ, A Business Owner’s Guide To Collecting Receivables” (see the link information below).
Unfortunately, there are no exact and safe rules to follow in granting credit and creating receivables that must be collected from your customers. You will always be balancing the risk of not being paid against the be
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