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New Year Debt Fix With ABN Partnership

With more news this week about the ATO's crackdown on small business debt, Aussie debt-fix platform and Australian Bookkeeper Network (ABN) partner, Debtplacer, calls for a fresh look at debt collection as a necessary part of small business cashflow

Debtplacer Co-Director and Founder, James Cook, who is also an insolvency accountant, says that bookkeepers have a vital role to play in this volatile economic environment that leaves all businesses vulnerable.

“Debtplacer’s clients draw from every industry and no business is immune to falling victim to clients not paying their bills,” said James. “With insolvency rates going up, most businesses can expect this being an issue into 2024.”

Debtplacer offers modern platform to connect to professional debt collectors.

With Australian Bookkeepers Network (ABN) fielding more enquiries from bookkeepers about how to tackle client debts, a partnership has been forged with Debtplacer.

With the debt collection industry now transformed from baseball bat-wielding goons to professional operations thanks to stricter regulations and technology, Debtplacer has stepped in with its contemporary platform to introduce small business to these collectors.

“This is no longer a dark and intimidating sector of last resort for only the worst of debts,” said James, “This is an industry of over 500 registered professionals who invite businesses to collaborate as a natural part of their operations.”

“We’ve had businesses engage with professionals for amounts owing as small as $700 to as much as $500,000,” continued James.

Bookkeepers are gatekeepers for optimising debt collection success.

Recognising that there’s a point where bookkeepers would value handing over their responsibility to chase stubborn clients, Debtplacer has launched an incentive program for bookkeepers to introduce debt collection into their clients’ operations.

“Bookkeepers typically bare the brunt of the legwork to chase bad debts,” says James. “There comes a point where their time is better spent on other things and it is more cost effective to engage a professional debt collection agent to increase the chances of securing the debt.

“We see ourselves in a broader team to support good business financial management,” continued James. “We can introduce collection agents to close the loop so businesses can move on to clients who do a better job of paying their bills..

“With the new year now around the corner, it’s an ideal time to make a fresh start with all invoice collections realised so the business can start 2024 on the right foot,” said James.

New incentive program so bookkeepers no longer have to chase the worst debts.

As part of the ABN partnership, Debtplacer is incentivising bookkeepers to introduce their clients to the platform with a $20 per referral offer.

To use Debtplacer a bookkeeper logs in and lists the debt on the clients’ behalf. Debt collections professionals then bid for work to chase the invoices, with the bookkeeper or business owner able to decide on the most appropriate quote and arrangement to suit their business needs.

For you member access to the Debtplacer bookkeeper portal, just click: https://debtplacer.com/bookkeepers/.