Extending credit to a customer can be useful to your business cash flow by enabling steady orders from them. But it's important to check their credit history carefully before making this business agreement to minimise the risk of bad debt.
The information contained in this article is correct as of July 2018 and is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Before acting on this information, NAB recommends that you consider whether it is appropriate for your circumstances. NAB recommends that you seek independent legal, financial, and taxation advice before acting on any information in this article.