The business planning questionnaire on "Debtors" raises a number of questions as to how the business maintains its debtors' records and how those records are interpreted and acted upon by management. Unless your business is a purely "cash" business, you will encounter debtors. It is therefore essential that, as part of the business planning process, appropriate time is devoted to the management of one of the most important assets in most Balance Sheets - debtors.
The questionnaire explores:
- terms of trade
- utilisation of Commercial Credit Agencies to assist in the monitoring of debtors
- follow up action taken
- systems in place to ensure that debtors are controlled to the best of your ability
