Managing account receivables

• how would u manage account receivables?

  • ensure invoices sent out quickly and statements issued monthly
  • follow up outstanding amounts immediately
  • be prudent in allowing time extensions for customers to pay amounts owing
  • offer discounts to encourage early payments
  • segregate duties to reduce error risk and fraud
• how would you set up credit arrangement?

  Establish good credit checking procedures.

  • Customers to apply for credit
  • Check banks and references
  • Set realistic credit limits & repayment limits