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Difficult Questions
Your management accounts must be up to date . You must have have your finger on the pulse daily . Treat the company like your own business and make excellent credit decisions as as follow as follow up on dentors age analysis so no amount goes above the 30/ 60 day category or stringent action to cut off supply must be implemented. The collateral taken must be 100 % tangible so debtors cannot get away . Any problem clients must be identified early and in need escalated to the Senior Accountant . Debtors and Creditors must be professionally dealt with with a good business and tactful realtionship maintained. I have more than 20 years experience in this field in the Banking and Finance and also the Bad Debts And Collections field . My loss ratio was very low .
Counting at the ending period helps ensure accuracy and verify that there are no errors or unexpected changes in the count. It allows for the inclusion of all final transactions and ensures their proper recording.
