[ more articles on credit management]
Features of a Good, Effective Final Warning letter
Should not contain empty threats, if you do not mean it, do not say it,
- Despite the purpose, it should be polite but firm. Do not be abusive
- It should state exactly what will happen if payment is not made by the stated date. There should be no ambiquity
- It should be short and to the point
- It is often a good idea to address the letter to the company secretary or some such person, with a copy going to the original contact. This increases the impact of the letter
- It is a good idea to send the letter by recorded delivery.

FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four, Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.
Also author to another very popular free educational accounting cum finance blog: http://basiccollegeaccounting.com under the branding of College Accounting Coach.
Recent Comments