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[ click for more articles on credit management] In earlier article,we have mentioned that one of the greatest contribution,credit function can offer is to facilitate the increase in sales/profit/liquidity is by thinking more proactively with sales personnel in the managing of marginal customers or those who want to increase the credit limits/terms. The [...] [ click for more articles on credit management] It always is easier to just to pull the firm’s delinquent customers to court when they cannot pay up. However,before doing so,it is strongly suggested that the firm should ponder upon the below factors before pursuing such actions otherwise this might ultimately lead to losing [...] [ click for more articles on credit management] As a credit controller,one needs to be extra vigilant to detect any signs or symptoms that the customers are slowly turning into delinquent debtors which might need to bad debts. Append below are some important warning signs or symptoms that we should watch out: Customer starts [...] [ more articles on credit management] Features of a Good,Effective Final Warning letter Should not contain empty threats,if you do not mean it,do not say it, Despite the purpose,it should be polite but firm. Do not be abusive It should state exactly what will happen if payment is not made by [...] |  FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four,Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.Also author to another very popular free educational accounting cum finance blog:http://basiccollegeaccounting.com under the branding of College Accounting Coach. | |||||
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