Simple Mistakes

As the new financial year is now upon us and hopefully everything has settled down, I thought it would be a good time to give you some home work.

This is a great opportunity to introduce some new rules around how you do business and the best thing is you can safely blame the changes on your accountant. 

The Financial Year

As we are getting close to the end of financial year I thought it might be a good opportunity to talk about what options you have for collecting your outstanding debts.
Most businesses already know exactly what is on their bad debt list at this point.  There are a few steps to follow to work out what you need to do next.

Who's fault is it

Sometimes we come a cross some very unfortunate situations, but worth sharing here as you never know if you may find yourself in the same position!!

A young man rang our office wanting us to collect a debt as he had been in a car accident and some stupid woman had run into his $35000 car and done $7000 worth of damage.

Financial Pain

There is so much uncertainly at the moment around the financial status of Australia

I receive a daily report from a well known business blog, where I regularly read about large iconic companies going into receivership, this makes me question what effect the financial crisis has really had on small business in Australia.  Locally this is a subject I am being asked about constantly.

Merry Christmas

All the staff at Bouvard Collection Agency would like to wish everyone a very Merry Christmas and a Happy and Prosperous New Year.

We would also like to take this time to thank all our loyal customers for your continued support, we look forward to continuing our wonderful working relationship with you into 2012.

Please find here the date our office will be closed at Christmas.

Our Business Community

When it comes to running a business we all endeavor to limit are exposure to bad debt, unfortunately this is not always possible, the thing to keep in mind is to make sure you have given yourself the best possible chance of recovering your money or at best limiting your losses.

Bankrupts

What happens when my debtor goes bankrupt (a quick review).

Most creditors don’t find out a debtor is bankrupt until way after the event, usually when they ring them to get payment on an invoice.  Once a person enters bankruptcy it is important for you to follow some very important steps.