Business Advisory Services Updates
Debtors’ management is often not given a high priority in a business and this can lead to high levels of debt owed to the business.
Accountants can assist their clients to improve their debtor’s management systems by encouraging a monthly calculation of “Debtors’ Days Outstanding”.
Debtors efficiency will be enhanced by the utilisation of a written debtors’ management system which will assist the team member, assigned to this task, to perform his/her duties.
Debtors’ management commences with:
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Episode 037 - Debtors’ Management a Problem Area for Many Businesses
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Posted in Expert Tips: Business Advisory Services on Tuesday, 01 December 2020
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