How fast you can collect money from your debtor and which is the easy way to collect it?

Make a good Relationship with customer and good communication

giving early payment discount

factoring of receivable

Collection of money from debtors is very important because you stand sale on the other hand if your collection is weak than your profibility also never confirmed, if a debtor is not serious in payment why you keep relation with debtors.
Collection is primary motive and by best, polite and continous asking demand him for payment and keep best relation in the futare.

The best way to collect money from Debtor is to keep good relation.  Either we can collect the money if the customer financially sound or if we can avail service what we need with the debtor and contra off.  Better we always ensure that customer is financially sound and extend the credit or else better to collect payment in advance or receive post dated Cheque.  

A company should credit worthiness and market reputation before approving and granting credit. A special discount can be offered to ease the debt collection.

Check customer Credit worthy ness before doing business.
Collection mostly depends on Type of Agreement and payment terms.
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