• Home
  • Services
    • Accounting Services
    • Bookkeeping
    • Payroll
    • Advisory Services
    • Cash Flow Forecast
  • Accounting Software
    • Consulting for QuickBooks®
    • Xero Cloud Accounting
    • Cloud Accounting
  • eCommerce
  • Resources
    • Resources
    • Mobile Accounting
  • Blog
  • About
  • Contact
303-818-5744
carrie@creatingclarityaccounting.com
May 23, 2019

Accounting-Related Policies

accelerator Business Tips, Customer Service Tips

Setting customer expectations in your business is essential to gain the trust of your customers, avoid conflicts, and maintain a high level of customer service. One way to set customer expectations is to clearly state policies that are customer-facing. Many of these are accounting policies that we can help you with. The following policies are ones that every business should clearly publish. 

Refund Policy

When customers purchase your products or service and don’t get what they expect, what is their recourse? Your refund policy should clearly state which products and services are refundable. Do customers need to physically return the product in-store or via shipping? What if it’s a service? Are they refunded in cash or credit card? Or is it a store credit? Is there a deadline for refunds?

All of these questions should clearly be outlined in your refund policy.  Your website is a great place to publish it. 

Customer Complaints

If your customer has a complaint, how should they submit it? Is there a hotline to call, a suggestion box, or a form to fill out? If your business and employees are licensed, is there a government agency to write? A notice should be posted on your website and in your physical location describing where to submit complaints.

Shipping Policy

Not all businesses need a shipping policy, but you do if you ship physical goods to a customer location. What is the cost of shipping? What is the expected delivery time? A shipping policy explains this as well as what can go wrong: If the item was never received, what should one do? Must you sign for a shipment? If you return a shipment, who pays the shipping? If an item is received damaged, how do you file a claim?

Payment Methods

While not a policy this customer communication needs to be clearly posted. What forms of payment will you take? If you take a check, what ID does the customer need to show? Do you take some of the newer forms of payment such as Apple Pay or cryptocurrencies? How do gift cards work?

Past-Due Accounts

If a customer doesn’t pay their bills on time, they should know what to expect. Will interest be charged? Will the account be sent for collections? Will someone break the customers’ legs? Will future purchases be cancelled or require a C.O.D. (cash on delivery) payment? 

You might not think of your accountant when it comes to writing these policies, but you should; we can help. A good accountant can help you craft these customer service policies so that your communications and expectations with customers are better than ever. 

How AI Is Changing Accounting Do You Know Who Your Top Customers Are?

Related Posts

Blog, Business Tips, Profits

Mix Up Your Revenues for More Profits

Business Tips, cybersecurity

Fighting Cybersecurity Threats in Your Business

Blog, Business Growth, Business Tips, Productivity Tips

Ten Places to Look to Find More Profits

Recent Posts

  • 5 Tips to Spice Up Working from Home
    April 8, 2021
  • Mix Up Your Revenues for More Profits
    March 25, 2021
  • Fighting Cybersecurity Threats in Your Business
    February 25, 2021

Latest Tweets

→ Follow me
  • Home
  • Services
  • Accounting Software
  • eCommerce
  • Resources
  • Blog
  • About
  • Contact

Contact Us

Tax Services, Accounting Services and Services for QuickBooks®

Creating Clarity Accounting

3609 Peruvian Torch Drive
Loveland, CO 80537
United States

303-818-5744

carrie@creatingclarityaccounting.com


Intuit, QuickBooks, and QuickBooks ProAdvisor are registered trademarks of Intuit Inc. Used with permission under the QuickBooks ProAdvisor Agreement.
Copyright Creating Clarity Accounting 2021 | Site Design by Accelerator Websites