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What if a long term customer has cash flow problems, but the company does not want to begin collections procedures?

April 26, 2017Cash flow collections COMPANY customer problems procedures term

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What if a long term customer has cash flow problems, but the company does not want to begin collections procedures?

1 Answer

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10 Posted

You can always negotiate terms with a good customer who has cash flow problems. Suggest a simple promissory note whereby the debt is paid off on a monthly or periodic basis with interest.