Debtors Management

Debtors and creditors are the keys to business success. It is important because it presents business sales and the ability to pay the business bills on time.

Even though you are doing outstanding in terms of generating sales, but you are not good at collecting money from your debtors then it will result in higher bad debt which will eventually cost you your business. You cannot survive in business with this significant higher bad debt.

When it comes to Debtors management, we can help you to decide debtor’s management procedures and policies based on your business nature and goals.

Following is a sample example of the debtor’s management plan, procedures and policy.

• Creating of accounts receivable department of your company with a separate email and contact phone number.
• Invoice review (review of invoice terms to assess whether it protect business interest or not)
• Periodic reconciliation of debtor list (to send overdue reminders and identify non-playing customers)
• Recovery action
• Recognition of bad debt

Maybe we are the best option for small business owners, who cannot afford their own accountant to manage the debtor’s due to cost, we can help them at a very affordable price.

Therefore, if you believe you need expert advice or management to manage your debtors.

Kindly feel free to talk with us for a no-obligation meeting with our expert.

Creditor Management

Creditor invoice payment management is key to business success too. Non-payment of the business bills on time may cost the business additional costs in terms, interest and penalty.

We have management with more than 10 years of expertise who can manage your creditors exclusively on your behalf. Based on your business needs we can decide your bills payment procedures and policy including payment date.

Following is the sample creditor management procedures and policy:

• Creating of accountants payable department of your company with separate email and contact phone number.
• Review of supplier invoice terms and re-negotiate the term as required.
• Preparation of payment list along with the invoice in order to pay creditors on the pay date.
• Managing all the queries from supplier re, invoice and payment.
• Managing payment extension, interest deduction or remission request.
• We can also manage the payment from the business bank account if required by you.

Maybe we are the best option for that small business owner, who cannot afford their own accountant to manage the creditors due to cost, we can help them at a very affordable price.

Therefore, if you believe you need expert advice or management to manage your debtors.

Kindly feel free to talk with us for a no-obligation meeting with our expert.