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100 WAYS: #49 Check References Before Extending Credit to New Customers
– March 28, 2011
Bringing in a new customer is always exciting. But be careful. A customer who can’t, or won’t, pay you for goods or services is worse than no customer at all. If there is any question or concern about a new customer’s ability to pay you on a timely basis, refuse the business. Always have any new customer complete a credit application or submit current financial data.
Walker Coburn
318.429.2109
wcoburn@hmvcpa.com
Walker is a Senior Auditor in our Shreveport office. He received his Bachelor of Administration in Accounting and a Masters of Accountancy from Millsaps College in Jackson, MS. Prior to returning to his hometown of Shreveport and joining Heard, McElroy & Vestal, Walker worked for KPMG in Jackson and Memphis, and more recently as a financial reporting advisor for FedEx Corporate.
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