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• Debt Collections and Covid Author : IRS Collections

  Published on : December 7, 2020
  

  Covid has had a major impact on debt collections in the travel, restaurant and tourism related industries such as accommodations and entertainment.

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• Land Ownership Transparency Registry Author : IRS Collections

  Published on : November 3, 2020
  

  At the end of this month the Province of BC is implementing a new Land Owner Transparency Registry, which is aimed at reducing money laundering through real estate transactions.

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• DSO - Days Sales Outstanding Author : IRS Collections

  Published on : October 3, 2020
  

  Why You Should Know Your DSO DSO, or Days SatesOutstanding,is a performance benchmark for accounts receivable. The DSO of a company's receivables reveals what your company can expect in the near and long term future with your cash flow. The turnaround speed, in days, of your company's receivables is a thermometer for the health of your AR department and credit policies.It is super easy to calculate your DSO.

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• Final Demand Letters Author : IRS Collections

  Published on : September 7, 2020
  

  A final demand letter lets your tardy customer know that you will no longer allow them to procrastinate on paying their bill, or account.The letter also informs them you intend to take further steps if they do not pay by a specific date. Basically, a final demand letter is a formal demand requesting payment in full.

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• Collection Agency Rates in Canada Author : IRS Collections

  Published on : August 7, 2020
  

  How Collection Fees Work in Canada In Canada, thefees a collection agency chargesare usually contingency based, or a no collection - no fee, percentage basis on the actual monies collected. Collection agencies across Canada usually have similar agency fee guidelines for contingency debt collection services.Commercial and consumer collection agency rates are based on age of the debt, the type of debt and the amount of the debt being listed for collection.

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