CREDIT CONTROL

S U B M I T B Y:
PIYUSH JOSHI
A 2 0 2 2 11
 AGARWAL PACKERS AND
MOVERS LTD.
C O M PA N Y N A M E :
WHAT IS CREDIT CONTROL.

• Credit control is the process by which your small

business can ensure that you only give credit to
customers or clients who are able to pay you back
and that when they do pay you, they do so on time.
The term ‘credit’ can apply to a financial sum or any
product or service that you provide up front before
payment is given.
 RECEIVE THE MONEY IN
ADVANCE?

• Advance payment is a type of

payment made ahead of its
normal schedule such as paying
for a good or service before you
actually receive it. Advance
payments are sometimes required
by sellers as protection against
nonpayment, or to cover the
s e l l e r ’s o u t - o f - p o c k e t c o s t s f o r
supplying the service or product.
 MAINTAIN EXCEL
SHEET.
• Enter payment-to, date, receipt
n um b e r, a n d a m ou nt p a i d d e t a i l s f or
each cash payment. This template
allows you to select whether a
c u s t o m e r ’s p a y m e n t w a s m a d e u s i n g
c a s h , a m o n e y o r d e r, o r a c h e c k
SOFT CALLING
• S o f t c a l l i n g t o t h e t r u c k d r i v e r. F o r
information of loading and unloading of
the lagage.
 PAYMENT DUE CALL.
Check payment terms and invoice due date.
…
Review records to ensure accuracy of the
invoice. …
Consider alternative payment methods and
plans. …
Use a polite and professional tone. …
Check that the client received the invoice.
…
Provide invoice number and amount due. …
Remind the recipient of the payment terms
and due date.
THANK YOU