Managing company debt in New Zealand is crucial for maintaining healthy cash flow. By working with a debt collection agency, exhausting collection efforts, and consulting with your accountant about tax write-offs, you can stay compliant with the IRD and avoid financial stress. Sorting out overdue debts before the end of the financial year ensures smooth business operations and cleaner financial records.

Dealing with unpaid invoices can be stressful for small businesses, but there are ways to make debt recovery easier. From doing your homework on new clients to knowing when to call in the experts, these practical tips can help you recover outstanding payments without losing sleep. Keep your cash flow healthy and your business thriving.