Debt Collection in Adelaide

Debt Collection in the current Global Economic Crisis is becoming a much required service for all businesses. Consumers and businesses alike are feeling the pinch and paying bills on time is becoming harder due to poor cashflow.

The longer an invoice remains unpaid, the higher the probability of a bad debt. If you don't have the time to contact your customers to follow up on outstanding invoices, the likelihood that you will be paid by your debtors reduces.

In conjunction with AddCash Finance Pty Ltd, JPAP Bookkeeping provides a debt collection service whereby we can manage your ledger and increase your cashflow by collecting your outstanding debts. You can submit just the invoices that are overdue, or we can manage your entire ledger.

We use the simple collection tools of issuing monthly statements, reminder emails/letters and phone call collections.

Monthly Statements
Issuing monthly statements is an effective collection tool and is a must for every business providing an account to their customers. It provides a list of transactions to the customers and more importantly is a reminder for your customer to pay. Most businesses provide accounts with terms of "X" days after invoice date or statement date. If your customers aren't paying you within your terms of trade, follow up of the outstanding debt is required.

Telephone Collections or Email/Letter Follow Up
Reminder emails or letters can be sent to your customers for payment however we find that a telephone call to your customer to discuss an overdue payment is best. Telephoning your customers is quicker, cheaper and your customer is put on the spot to discuss a payment arrangement there and then. We cater our collection techniques to your requirements so that you are comfortable with how we collect your outstanding invoices.

Legal Options
If the customer refuses to pay or can't pay, as a final resort we would suggest pursuing legal channels.

We can arrange for a Notice of Intention to Sue ("NOITS") to be sent to your customer by our solicitors.

The jurisdictional or monetary limit for the South Australian Magistrates’ Court is $40,000 for debts arising from the sale of goods and provision of services. A NOITS gives your customer 21 days from its receipt to pay the outstanding debt in full in order to avoid a Claim being filed with the South Australian Magistrates’ Court. Once a Claim is filed, and unless judgment is entered due the defendant’s failure to file a Defence to the Claim, the Claim will proceed to be heard by way of a trial before a presiding Magistrate with a formal judgment being entered once the Claim is proved.

Fees do vary for this process and we would arrange for a quote to be provided by our solicitors and require your approval prior to any action being taken.

Save your business time and improve your cashflow now. JPAP Bookkeeping can collect your outstanding invoices in a professional manner.  

Contact JPAP Adelaide Bookkeeping today and let us free up your valuable time