HOW TO CREATE A
CREDIT POLICY FOR
YOUR ORGANIZATION

CREDIT AND COLLECTIONS

Define your mission

There are a number of reasons to have a written credit policy.  This document defines those reasons as well as provides:

  • Guidelines on establishing a mission
  • Tips on how to determine goals
  • Guidance on the credit evaluation process
  • Insight into which receivables measurement is best for your organization
  • Identifying who should have responsibility as part of a credit policy
  • And much more

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Establish goals

Strengthen customer relationships

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