Sundry debtors are a group of clients most businesses have. They are either small or use you services infrequently, therefore they're not assigned their own individual ledger account.
While sundry debtors individually may not appear to contribute greatly to your company's bottom line, as a collective they can be an important asset to your business' financial health.
The official sundry debtors definition has no correlation with payment habits. But, as with all potential clients, its excellent business practice to compile a credit history before opening a new account - particularly if you offer credit.
A Business Credit Express credit report can investigate the credit history of businesses of all sizes. Our research is intended to raise potential areas of concern such as late payment, disputes, or a history on bankruptcy. Identifying these issues upfront allows you to be more proactive regarding which payment methods you ultimately offer the client.
Business Credit Express is a part of industry-leader Veda (formerly Baycorp Advantage). We utilise Australia's largest database of consumer and business information, plus resources such as the Australian Securities and Investments Commission (ASIC) and public record data. We also have access to world-class analysts from Veda's Australian Bureau Research division.
Business Credit Express reports are intended to help Australian companies to minimise the financial risks associated with business, specifically credit. Our extensive portfolio of reports includes:
Company Credit Report
Establish the creditworthiness of low-to-mid exposure accounts quickly and thoroughly. The Company Credit Report is based on Veda credit data and public record information. The final product includes a scored risk assessment.
ASIC Company Report
Our ASIC Company Report provide information such as company registration, director details and shareholder structure.
All Business Credit Express reports are available to purchase online.