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Equifax commercial credit Checklists
Checklists

Here you'll find a series of handy checklists designed to help you make sure you've "covered your bases" in many credit, collection, and accounts receivable procedures.

Checklist: 11 Warning Signs that You May Need to Change Your Collection Strategy
One of the most useful features of attorney Robert Bernsteins' book "Get P.A.I.D., A Guide to Getting Paid Faster (and What to Do if You Don't)" is its checklists. A good example is contained in . . .  keep reading
Checklist: Seven Steps to Take When Gathering & Maintaining Resale Certificates
Use this table to help you either audit your existing procedures for gathering and maintaining resale certificates or setting up a procedure from scratch. . . .  keep reading
Use This 8-Point Checklist to Assess Risk When Checking Bank References
This checklist is designed to help you get the most out of your bank references. . . .  keep reading
Checklist: Major Online Seller's Top Seven Risk Factors of Fraud For Web-based Orders
As Internet-based orders rise, so does fraud. Here are the seven risk factors you need to watch out for if you want your profits to keep track with your Web sales. Once you have a distribution chan . . .  keep reading
Checklist: 12 Ways to Avoid Taking Bad Checks
Follow these 12 procedures to avoid taking bad checks. . . .  keep reading
13-Point Checklist For Your Deduction & Dispute Resolution Processes
Tackling deductions requires that you be thorough and systematic. Use this checklist to make sure you're covering all the bases in the most efficient manner. For details on each of these processes, . . .  keep reading
Checklist: 16 Signs You Should Place an Account For Collection
It is critical to know when to place an account for collection. The more of the following statements that are true, the more appropriate it is to place an account for collection immediately: . . .  keep reading
Checklist to Create a Credit Policy Manual
A credit policy manual is extremely important for a well run credit department; a great way to make sure everyone - both inside and outside of credit knows what's expected of them. After coming on boa . . .  keep reading
Stop the Bleeding: Use This 13 Point "Out of Business Validation" Checklist When You Hear Rumors An Account's Gone Under
Stop the Bleeding: Use This 13 Point "Out of Business Validation" Checklist When You Hear Rumors An Account's Gone Under No one likes to hear news of a customer unexpectedly going out of business, but it's an occurrence that goes with the territory in credit. The key is to manage the situation properly so it doesn't end up hitting the fan. Stories about customers going out of business can come from a variety of sources, including returned mail, your sales reps, other vendors, other customers, the debtor's former employees or even the debtor themselves. But stories are just stories until they are verified. When you hear about an account going out of business, the first thing you need to do is sort out the gossip from the facts. . . .  keep reading
Section 409 Checklist
Section 409 of SOX requires companies to make real-time assessments of their customer base and report material changes to the SEC within four business days in an 8K report if there are issues impactin . . .  keep reading
D&B Checklists: Ignore SOX Sections 303 and 409 at Your Peril
Speaking of D&B, their website offers up some great tips for ensuring your A/R meet Sarbanes-Oxley standards. According to D&B, most credit and finances execs focus on Section 404 and ignore the busin . . .  keep reading
11 Warning Signs That You Might Need to Fire Your Attorney!
11 Warning Signs That You Might Need to Fire Your Attorney! Beware of the attorney who is willing to accept the assignment of the case even though the attorney is not experienced in this type of matter; one's good intentions could end up costing you significantly. Beware of the attorney who is willing to discount his legal bill each time you make an inquiry; the bill should be accurate. This may be a sign the attorney knows you are being overcharged. . . .  keep reading
Do Your Invoices Measure Up? Five-point Invoice Checklist
We always say that consistent application of the basics - the things you learned in the first year on the job - is the most important way to establish excellence. Time and again, we learn from the best that it's the little things - done properly time after time - that really matter. To that end, Westbury, NY-based outsourcer and collection agency STA International has produced a nice little booklet entitled "The Essential Guide to Getting Paid - practical solutions to improve cash flow," which has a number of items we feel are worth noting. . . .  keep reading
Simple Checklist for Developing a Collection Strategy
Simple Checklist for Developing a Collection Strategy STA International also outlines a recommended collection control process, based on 30-day terms, to enforce payment. As with all such tools, this is a nice starting point to give you some ideas of your own. You'll need to think through what's unique about your own situation and adjust the strategy to match both your terms and the norms in your market. We actually suspect that this strategy is just a bit aggressive for most markets and situations and probably should be scaled back somewhat, but heh, we'll forgive STA, since we all know that their goal is to get you to place collectible accounts for collection. . . .  keep reading
Expert's Six-Step Checklist for Checking Credit
Expert's Six-Step Checklist for Checking Credit "A successful company is a peaceful company," says Eddy Sumar, International Trade Financing Manager for sprinkler giant Rain Bird. And part of his modular approach to the credit process, which aims at making everything flow as smoothly as silk, is a six-point Checklist Method of establishing credit. Sumar has read almost every book on collection and credit, he told us. "They helped me to come up with a checklist on what a credit person needs to make a good credit decision." Sumar's Six-Point Checklist is as follows: . . .  keep reading
Use This 9-Point Checklist for Your SOX Action Plan: Sarbanes-Oxley (SOX) Deadline Is Fast Approaching (Conference Bonus Article)
By John Donovan
The Sarbanes-Oxley Act (SOX) of 2002 established new and enhanced standards for corporate accountability, responsibility, disclosure, and reporting. The Act also provides tougher criminal penalties fo . . .  keep reading
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