Resources

SAMPLE LETTERS

A prompt reminder of when money is due exemplifies good business practices that can save a company lost revenue and wasted time. Providing customers with a straight-forward confirmation of recent discussions and/or negotiations, such as the ‘Promise to Pay’ letter, creates the continuity needed to support your rights in the event the customer fails to pay what is due.

Remember, your statements and letters, when referencing unpaid balances, should also contain a reaffirmation of the agreed terms such as: “Our terms are net 30 days. Any amount not paid when due will incur interest of 18% per annum (1.5% per month). Should balances not be paid timely and it is deemed necessary to employ an outside collection agency and/or an attorney, Customer is liable for all actual collection fees, all actual attorney fees, plus all court costs’.

Business people intent upon diminishing your rights, or looking for an excuse not to pay what is due you, will suffer from ‘subjective memory loss’. Your job is to make sure their memory does not fail them or you!

_acrobat _word
Acrobat(.pdf)
MS Word(.doc)
First Past Due Letter
Download PDF File Download MS Word File
Second Past Due Letter
Download PDF File Download MS Word File
Third Past Due Letter
Download PDF File Download MS Word File
Final Demand for Payment Letter
Download PDF File Download MS Word File
Confirmation of Payment Plan
Download PDF File Download MS Word File
Confirmation of Promised Payments
Download PDF File Download MS Word File
Disputed Claim Settlement Agreement
Download PDF File Download MS Word File
Sample Personal Guarantee
Download PDF File Download MS Word File
Sample Bank Request Download PDF File Download MS Word File
Settlement Letter
Download PDF File Download MS Word File
Settlement Agreement With Terms And Personal Guarantee
Download PDF File Download MS Word File
Sample Credit Agreement Download PDF File Download MS Word File
Mutual General Release Download PDF File Download MS Word File
Past Due Payment Reminder Download PDF File Download MS Word File
Credit Application Renewal Notice Download PDF File Download MS Word File

 

SAMPLE FORMS

Protect your profits during the ‘work process’ by documenting significant events such as changes to the original order. The following forms are just a few ideas and suggestions that can support your rights in the event the customer ‘forgets’ what instructions were provided or what was agreed to.

_acrobat _word
Acrobat (.pdf)
MS Word (.doc)
Alteration and/or Change Order Request Form Download PDF File Downlad MS Word File
Late Receipt of Materials Acknowledgment Form Download PDF File Downlad MS Word File
Rush Order Request Form Download PDF File Downlad MS Word File

You have completed all work. The customer accepted delivery and it’s time for you to be paid; but, WHERE’S THE MONEY? Following up with customers on a timely basis affords creditors the best chance of successful results. Here are just a few ideas that can facilitate your internal collection process.

_acrobat _word
Acrobat (.pdf)
MS Word (.doc)
Debt Settlement Agreement With Terms
Download PDF File Downlad MS Word File
Debt Settlement Agreement Download PDF File Downlad MS Word File
Installment Promissory Note Download PDF File Downlad MS Word File
Payment Agreement Download PDF File Downlad MS Word File
Personal Guarantee Download PDF File Downlad MS Word File
Request for Extended Credit Terms Download PDF File Downlad MS Word File
One Time Credit Card Payment Authorization Downlad MS Word File

 

SUGGESTED ACCOUNT RECEIVABLE 

TIPS AND PROCEDURES

This publication is designed to help business people determine a common sense strategy for financial success through the development of sound yet practical account receivable practices and policies. The objective is to help you get and keep the money due to you without having to try and catch it.

Common Sense Strategies for Better Accounts Receivable Management (PDF)   _acrobat

All letters and forms are Adobe Acrobat files (.pdf) and/or Microsoft Word (.doc). Feel free to alter to your needs.

 

You now have the tools to

Know Your Customer.

Comments are closed.