What Are 6 Steps to Help You Avoid Writing off Debts?

When you are in business, on-time payment is critical. You need to set up parameters when you first open your doors so you can collect your money according to a given schedule. Late payment is problematic, but non-payment is critical, and in a worst-case scenario, you may have to write off an invoice and deem it “uncollectible.” So how can you avoid getting to this position in the first place and reduce the risk as much as possible?