A fundamental element of credit control is to know precisely when an invoice exceeds its credit terms. Without this knowledge, your credit control process will lose its efficiency and punctuality. 

It’s therefore important that your accounts department or credit controllers regularly review your sales ledger to ensure that your customers’ payment activity is always observed.

Credit control should be regarded as one of the business’s key tasks, and this process should go hand-in-hand with the updating of your cash flow forecast.