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Often referred to as an ‘AOD’, it is a document of a legal and accounting nature where a debtor admits to an amount owing to a creditor and most often includes an undertaking to make payment in terms of a payment plan. Parties can include provisions for interest and consequences...Read more

One of the biggest challenges facing businesses in this economic climate is collecting outstanding debts. It is especially incumbent on small business who often do not have the financial backing to sustain late payers or worse, non-payers. Have a system in place- which you follow. Invoice regularly, as close to...Read more