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:
Watch out for the next episode of "Accountant's Minute" or subscribe to the podcast on iTunes for more news, ideas and tips on providing outstanding non-compliance services to SME clients.
Episode 037 - Debtors’ Management a Problem Area for Many Businesses
Latest business advisory news for Accountants in under a minute.
As their trusted advisor, can you assist your SME clients with business advisory services?