‘Collections’ Posts

 

Performing Cost Recovery Audits, Adding Value and Having Fun

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As any kind of employee anywhere, it is always a good idea to keep track yourself of just exactly what value you add to your company or organization. This doesn’t have to be translated into dollars, although dollars are a common currency of relative value. For any type of nonprofit organization, the worth could be […]

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Collecting from a collections expert

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  One tax client was a local attorney who specialized in collections work. He would come in the week before April 15 and dump his records on my desk. This included the law firm’s business Schedule C. I got the return done and filed on time for him because tax preparation is a SERVICE business. […]

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Collecting from a company in trouble

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I traveled out of town to a company that needed help with their accounting system. I gave them a discount on the travel time and expense. I did about $1,600 worth of work over about 3 weeks time and sent them an invoice. A month went by and no check. Another month went by and […]

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Collecting on bad checks

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I was an internal auditor for a supermarket chain. Bad checks were always a problem and the write-offs and losses were too great to ignore. We thought the company had a good set of policies and procedures for “working” bad checks, but the collection success was inconsistent at best and generally poor. Here is how […]

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