Why Do We Need To Keep A Proper Sales Ledger To Help In Credit Management
It is important for both accountant and credit controller to understand the importance of keepng a proper sale ledger. In fact the sales ledger is an essential source of internal information about credit performance and it should be regularly updated for new invoices, credit notes and cash received in order to:
- produce accurate management information
- recognize as early as possible debtors who are slowing down payments
- prevent the chasing of debts already settled
- identify customers who have reached their credit limit
- ensure customers comply with any agreed payment schedule
- How Can Computerized Sales Ledger Assists In Credit Management
- Time-The Critical Factor In Credit Control/Management
- What Are The Roles/Function Of Credit Management Department
- Credit Management: Proper Documentation
- Credit Management: Costs in Extending Credit & ROI on Receivables
- Credit Management:What is the KPA and KPI of a Credit Manager?
- ALL TOPICS COVERED UNDER THE HEADING-CREDIT MANAGEMENT/CREDIT CONTROL
December 29, 2009
Posted in: CREDIT MANAGEMENT/CONTROL
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