Meaning credit control
What does credit control mean? Here you find 5 meanings of the word credit control. You can also add a definition of credit control yourself
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credit controlDefinition Practices employed by businesses that extend credit to customers for the purpose of financing purchases of goods or services offered by the business. The purpose of these practices is to id [..]
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credit controlMaking sure that your customers pay what they should, when they should.
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credit controlThe action of checking and following up for payment of outstanding debts within a sales ledger (by phone, statement, letter etc.). This is an element of the overall ledger management.
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credit controlMaking sure sure your customers don’t take longer than the agreed termsto pay you.
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credit controlMethods used to ensure customers settle their accounts within the agreed time period.
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| << credit committee | credit cycle >> |
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