Collecting Bad Debt

Top Three Takeaways from the Financial Networking Group Meeting - 9.21.10

• Let staff know which invoices are outstanding - sounds simple but it works! Staff are much more likely to follow up on invoices when they know about them.
  
• Think about the value of statements - do they include dues, do members pay off them, are they working?
  
• Re-evaluate credit card fees - many times you can save lots of $$ here, do this often as rates tend to increase without your knowledge.