Significant Warning Signs That Your Customers Cannot Pay

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As a credit controller,one needs to be extra vigilant to detect any signs or symptoms that the customers are slowly turning into delinquent debtors which might need to bad debts. 

Append below are some important warning signs or symptoms that we should watch out: 

• Customer starts paying more slowly

• Payment of account using round–sum cherubs. The details of invoices are often ignored.

• Too many mistakes on cherubs

• People always unavailable

• Settlement discount not taken up

• Warning by credit agency

• Accounts file late and create accounting.

• Using the Altman Z scores and similar ratio analysis
• Unsatisfactory accounts

• The feeling that something is not right.

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