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Credit Control

Good credit control improves your cash flow, which is essential for your business to succeed.

• Cash is the lifeblood of any business.
• Profitability is the aim but liquidity keeps the business engine running.
• Paying late puts strain on supplier relationships and harms future business reputation.

Monitoring the money you are owed, what you owe to others and how overdue a debit is, can help you to reduce late payments and keep money coming into your business.

Credit control features in Sage Accounts

There are a number of features in your software that can help you to manage credit control:

• Ageing debt - You can see at a glance how old debts are, so you can prioritise payments and debt chasing.
• Set credit controls on customer and supplier accounts - You have the flexibility to set credit controls on individual accounts, for example, to set lower credit limits for certain customers or track settlement discounts offered by certain suppliers.
• Diary - Manage activities such as reminders to contact a customer when chasing debt, or create a task to generate a payment promised to your supplier.
• Chasing debt - Use the Chase Debt window to manage all of your debtors credit control tasks in one place, such as identifying overdue accounts and recording details of communications made with them.
• Credit charges - You can charge customers for late payments.
• Managing payments - Use the Manage Payments window to manage your creditors in one place, keeping track of the money you owe and ensuring they are paid on time.
• The Customers and Suppliers dashboard view - You can use the dashboards to see at a glance aged debt or promised payments for customers and suppliers.
• Handling disputed transactions - You can flag customer and supplier transactions as disputed.
• Write off bad debts and other transactions - You can refund transactions and write off bad debts using the Write Off, Refunds and Returns wizard.
• Forecasting your cash flow - You can check how planned payments and receipts will affect your cash flow.