Does your business let regulars run tabs? Customers who maintain tabs in restaurants, bars and retail shops are often profitable, and it may be in your best interest to offer them credit. Yet unpaid balances, informal notes and missing records can quickly become unmanageable — and unprofitable. So it’s important to monitor customer credit, set limits and collect overdue amounts. Smart business? When customers can conveniently access credit from your business, they may spend more time and money at your establishment than they otherwise would. Nonetheless, the informal nature of tabs can make it hard to identify who’s overdue and how much they owe. Worse, some may disappear without settling their accounts. To avoid confusion and potential financial losses, make your tab policy easy to understand with a...