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|The Mistakes Every Account Receivable and Payable Departments Make and Need To Learn From
Whether you handle an Accounts receivable or payable section, it can end up being a rather overwhelming task.
There's a great deal to take in and learn. Sometimes it's tricky to get it right all the time. I used to work in those departments, many ages back. I can tell you firsthand it is tiring to keep it straight. A good deal of headaches happen.
Luckily, these are Mistakes everyone makes. The important thing is to learn from the errors we make and move forward. If you know better, you do better. That's the GI Joe way!
1) You Have to Do your Homework before you consent to help a customer out. Some businesses help clients that have little to no desire to settle their debts. Some businesses help clients who can't repay their debt, not for lack of trying, however. You have to do your due diligence.
You Should Think about asking Clients to fill out a credit application before you assist them. That will give you some indication as to whether or not they are worth the danger.
2) Some companies prefer to Deal with all the enormous problems first, before taking good care of the small ones. Most big problems start out as small. They get larger because the business neglects to do anything. Stop the madness. Take care of the small problems before they turn into something bigger.
3) You need to keep your eyes On your plate. This means you should pay attention to your own job. You cannot Worry so much about what others do. We all have a job to do. Prioritize The tasks for every single department and stay focused. For example like it.