We had stubborn drains in the upstairs bathroom. We would dump that liquid drain cleaner down the sink and shower, and it would run fast for a few weeks. Then it would slow down to a crawl. Something was letting it clog up again, or the drain was never getting fully cleaned out. We even thought it might be a vent problem. The plumbing we had in our house was not what you might call completely up to code. I went to www.plumbersbristol.org to see what we could do.
We pretty much had exhausted the options we were capable of performing. A camera inspection revealed a drainpipe fitting that should not have been used where it was. It had an angle that was not suitable for the incline of the run or something like that. The fix required getting access to the pipe. Fortunately, the bathroom was above an office space that had a drop style ceiling. Continue reading “The Plumbing in Our House Was Not Up to Code when We Bought It”
Every business has accounts receivables. Many have a cutoff point for debt that is owed. Most companies I know of now are turning over any debts that go beyond 90 days to a collection agency. However, you do want to have a relationship with a collection agency that actually has a record of being able to collect on those accounts. I was looking at the Professional Recovery Consultants reviews to see how they did as compare to other agencies that collect on accounts receivable that have gone beyond a certain length of time.
Debt owed can be a problem for companies that rely on a steady cash stream and narrow margins. That is us. We take care of our customers, but we also need our customers to take care of us by paying on time. Our business model is evolving to more of a pay before receiving process, but we still have a large number of legacy clients that receive services then pay. Some of them on occasion default for longer than 90 days on payments they owe us. Hiring a professional debt collection agency is necessary. We have to show action on the accounts by us for our tax purposes and for the purposes of investors.
Years ago we had some accounts that were like perpetual noncollectable accounts receivable. It skewed the books. They showed as money owed us, but it was money we would likely never be able to collect. Continue reading “Using Collection Agencies to Manage Aging Debt”