Inevitably, some customers will always have trouble paying back the money they owe you on time in business. This is a common scenario, particularly when the economy is on its low. According to experts, unpaid dues and bad debts are unavoidable no matter what industry you belong to, and unpaid …
Most businesses dread the process of collecting payments on delinquent customer accounts. Most barely have the time to make all the phone calls or send out emails, let alone make an individualized collection letter for every step of the collection process. However, sending a personalized follow-up letter every few weeks …
When collecting payment of a debt in business, there is a step-by-step process that you use, which involves writing a collection letter. A collection letter is used when a pending payment is due for goods and/or services. Businesses will use a total of 4 collection letters, each with a different …
Documentation is vital when lending money to people and businesses. A promissory note is an example of such documentation. It is a written promise by the debtor/borrower to pay back a specified amount and any applicable interest fees under defined terms of payment. Examples of payment terms include a predetermined …
A termination letter is a formal communication informing an individual or party that a business relationship, employment, contract, or agreement is being terminated. This letter can be written when dismissing an employee, canceling a lease, terminating an insurance policy, or ending a business contract between a client and contractor. It …
An employee performance evaluation, or simply a performance review, is a unique process designed to assess and review an employee’s professional performance. In most cases, managers are responsible for conducting employee performance evaluations. Even though every business determines its employee evaluation cycles, most conduct a complete performance evaluation annually, with …
A termination letter is a formal communication informing an individual or party that a business relationship, employment, contract, or agreement is being terminated. This letter can be written when dismissing an employee, canceling a lease, terminating an insurance policy, or ending a business contract between a client and contractor. It …
An itemized receipt is a document merchants give their clients listing the transaction details. The receipt should provide details such as the quantity of the item, its price, and the total. A standard itemized receipt should also provide details of the taxes and other fees relevant to the transaction. An …
When moving into your first apartment, deciding what supplies and items to bring is often overwhelming. Therefore, creating a checklist of everything you require from the start is advisable. A first apartment checklist is an itemized list of all the things you may need for moving in. It ensures you …
Most people dread the idea of household cleaning. It is a tedious, painstaking, and time-consuming task. Yet, this does not always have to be the case. Cleaning can be much easier and more enjoyable with a little planning and organization. You only need to plan your cleaning schedule and create …
An accountant resume is a documented overview of your education, past work experience, skill set, and other pertinent information about you that relates to your ability to do the job. The resume is meant to portray you as the most suitable candidate for the position and persuade the employer to …
Documentation is vital when lending money to people and businesses. A promissory note is an example of such documentation. It is a written promise by the debtor/borrower to pay back a specified amount and any applicable interest fees under defined terms of payment. Examples of payment terms include a predetermined …
A thank you card is a greeting card with a simple, polite note addressed to someone, especially a close family member, friend, relative, colleague, client, or mentor, to express gratitude for gifts, support, or services. They usually contain a handwritten message of appreciation. There are different types of thank you …
With the rising demand for short-term rental properties over traditional accommodations such as hotels, landlords need to find a way to protect their property investments. For most landlords, renting their property usually involves dealing with a tenant who wants a commercial or residential space for a period of one year …
Contracts are an integral part of our daily lives, encompassing a wide spectrum of agreements ranging from formal written documents to verbal understandings between individuals. In many cases, both parties involved in the agreement have specific obligations that they must fulfill in order to bring the contract to its intended …
An address book is a database for storing people’s names, addresses (mailing and email), phone numbers, and other identification details such as job titles. It can be created by an organization or for personal use. It simplifies access and management of contacts. It can be in physical format (a physical notebook) …