What is a debtor exactly?
A debtor is also called a customer. More specifically, it is a customer that still has to pay you for the services or products that you have supplied. There is always a risk if your boekhouder gezocht decides about your finances, but once payment has been made, you no longer call such a customer a debtor. And what about the creditor? That is you if you are an entrepreneur and still have to receive a payment from a customer (a debtor). Ideally you want to compare the different boekhouder Breda offerte or Boekhouder Amsterdam offerte if you want to pay the best prices for all these services.
Debtor administration and debtor management
As an entrepreneur, it is important to keep track of which customers still have to pay you money. You call this a debtor administration. You also process the reminders you have sent or any reminders in the debtor management. The times you have been on the phone with the debtor and what has been discussed is important to note. If memories do not produce anything, legal measures can be taken. If you have your debtor management in good order, you will have good supporting documents. Debtor management can also be outsourced to other companies such as a collection agency. They then record exactly what the payment behavior of the debtor is. Employees of a collection agency also send reminders on your behalf and can possibly start the legal process.
Reduce debtor balance
The debtor risk is the risk that the debtor cannot meet his payment obligation. Too high a debtor balance can cause many companies to go bankrupt. It is therefore important to ensure that you receive outstanding payments as quickly as possible. The entrepreneur can obtain information via the Credit Registration Office, so you can find out more about the payment behavior of the debtor, but entrepreneurs can also ask for a bank guarantee. If the debtor does not pay, the bank can guarantee the outstanding amount. Credit insurers can also offer more security.
Debtor turnover rate
The turnover rate indicates how quickly a debtor pays. The higher the turnover rate, the better it is for your company. The liquid assets are then in fact larger. In addition to the circulation speed, a circulation time can also be measured. The turn around time indicates how long the collection channel is. In short, how long it takes for a debtor to pay in the number of days. The shorter this takes, the better.