Some business owners think that not getting paid for the odd job is simply part of being in business and write it off as part of their tax return to the ATO. Here, we illustrate the impact that not getting paid for a job has on your business and the importance of ensuring you are paid for your hard work.
It’s not just the cost of the goods and/or services that you have provided.
The real cost is the value of the additional jobs that you need to complete and be paid for in order to get back to a position of breaking even on the initial unpaid job.
The calculator below shows the real cost of not being paid. Enter the chargeable amount of the job and the profit margin percentage on that job. Our calculator will do the rest.
How would your business be impacted in the event that someone doesn’t pay you? Here at EC Credit Control we see a lot of businesses unnecessarily stressed due to being put into this position through no fault of their own.
Protection is available in a number of different forms:
Debt Collection if you are already in the position outlined above
Terms of Trade to help prevent you from finding yourself in the position outlined above
Registering on the PPSR to improve your position in the event one of your customers goes out of business.
VENASO SELECTIONS2. July, 2024.we used EC Credit cony toll to write our T & C and we have been very happy with their service.
Joe Clark1. July, 2024.Terry has been very helpful. Has answered his phone every time I have called him.
Jamie Kemp18. June, 2024.Excellent customer service, strong knowledge, and always willing to help and provide advice when needed.
Aidan Lucas11. June, 2024.EC Credit Control have been great to work with. We have been using their services for around 10 years now. They are always available to answer any queries and absolutely happy to help whenever we need.
Felix Lim6. June, 2024.I have been with EC Credit almost for 15 years now. Overall I am very happy with the service they provide throughout the 15 years as they have all the times successfully collected money owed to me by my clients, never failed. As well, I highly commend their professionalism in dealing with me all these times.
Yvette Rose20. May, 2024.Portal is very easy to use and the EC team great to work with. Results in this case paid and finalized within 2 weeks.
Brett Parker13. May, 2024.I cannot speak highly enough of EC Credit Control and the exceptional service provided by Terry Foley. As a long-term client, I have consistently been impressed by the professionalism and efficiency of the team. Terry, in particular, goes above and beyond to ensure that every interaction is seamless and stress-free. His dedication to client satisfaction is evident in every aspect of our partnership. EC Credit Control makes the credit management process effortless, and Terry's expertise and guidance have been invaluable to our business. I highly recommend EC Credit Control to anyone seeking reliable and effective credit management solutions. Thank you, Terry, and the entire team, for your outstanding service!
Mairin Best23. April, 2024.I have engaged EC Credit Control services on behalf of our business and found them to be extremely professional. EC have provided a review of our terms of business and their debt collection services and we have been pleased with these outcomes to date.
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