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5 Replies Last post: Jan 20, 2009 8:50 AM by sdanil

Account Receivable problems

Jan 19, 2009 10:19 AM

Click to view mst3636's profile Professional mst3636 3 posts since
Jan 19, 2009

For many companies, simply hearing the words “debt collection” sends a
shiver through their entire organization. In the past, debt collection hasn’t
always had the best reputation in the business world. But today more than ever,
collecting on unpaid balances has become a necessary part of every company’s
operations. That’s why at Dorsey Thornton and Associates, we’re attempting to
change the face of the collection industry simply by doing what we do best:
treating people better. We specialize in helping smaller companies with their
account receivables as well as larger companies. Even if you don't have many
accounts, we can help!

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Click to view sdanil's profile Mogul sdanil 93 posts since
Jan 11, 2009
1. Re: Account Receivable problems Jan 19, 2009 10:27 AM
If somebody doesn't want to pay you I suggest you rethink your business and customer service. There is a great form letter i recommend sending out to dead beats..if you want to use it...write to me check out my profile
Click to view LUCKIEST's profile SCORE LUCKIEST 7,935 posts since
Aug 6, 2007
2. Re: Account Receivable problems Jan 19, 2009 10:33 AM
Account Receivable problems, Welcome Michael

Good to know. Thanks for the info
Click to view bmt2008's profile Mogul bmt2008 305 posts since
Jul 30, 2008
3. Re: Account Receivable problems Jan 19, 2009 10:48 PM

Couple of questions:


How much of the collections do you take as a fee?


What max age of invoice will you work - 90 days - longer?

Click to view mst3636's profile Professional mst3636 3 posts since
Jan 19, 2009
4. Re: Account Receivable problems Jan 19, 2009 11:47 PM
in response to: bmt2008

Hello,

The fee generally is based on the age of the account for example, our fees are 30-365 days deliquent 25%;366-730 days deliquent 35%;731+ 45%
We will customize collection plans for clients depending on the situation. No matter what the age you always keep the majority of your money. Take a look at us at dorseythornton.com or give us a call at 877-774-3597. If nothing else always remember this......
Why let your customers walk away with 100% of
your money when we can PAY YOU 75% of the recovered amount!!
Click to view sdanil's profile Mogul sdanil 93 posts since
Jan 11, 2009
5. Re: Account Receivable problems Jan 20, 2009 8:50 AM
what a cool motto...on of my openers goes like this:
What's the coolest invention since the tv remote control?
see my profile for answer