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Webinar on Collect & Prevent Overdue Outstanding Collections |
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On 2nd February 2022 11:00 am to 04.30 pm |
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Timely Collection of Receivables is the key to Success at the Time COVID 19 Introduction Liquidity plays very important role in the success of any business Organisation. Timely collection of Accounts Receivables is one the major area in improvement of Liquidity. Moreover further collection of Accounts Receivables helps to reduce the Working Capital Requirement and to reduce interest payment. Today is a turbulent time for business and the economy is in a heightened state of flux. Reaching Business Targets is difficult. Credit thus plays it’s part in achieving higher sales and expanding markets. Unfortunately poor credit management can kill a business. Assessing business risk and prospects, deciding a credit limit and credit period are backbone of credit management. These areas are least understood or controlled by most organisations Contents ü Building a Credit Policy: Ø Fundamentals of Good Credit Management Ø Principle of Offering Credit, Terms of Payment Ø Collection Policies and Practices Ø Building Credit Policy based on Needs of Market – Why not follow IOC Policy? Ø Credit Worthiness – Developing simple method ü Few Mechanics Ø Cost involved in giving Credit · Utilising to decide the period of credit · Whether to accept earlier payment than the agreed terms by giving discount. Ø Calculating Ageing of Receivables and Average Collection Period and use of it to collect the receivables according to the Credit Policy ü Role of Accounts and Marketing Department in collecting the receivables. ü Utilisation of various methods such informing the Debtor few days before the due date automatically by using Information Technology, Tele Calling, Collection Letters, and Personal Visit etc. to collect the receivables in time ü Role of Top Management or Owner of the Organisation ü Role of CASH Management Service provided by Banks – Cost & Benefits Analysis ü Availing of Credit Limit against Receivables from Bank ü Availing Bill Purchase Limit from the Bank ü Collecting Cheques from the Customers – Advantages and Dis-advantages. ü Problem Accounts and Legal Action including Action in the case of Cheque ü Taking Advantage MSME Act provisions to collect the dues in time ü Return under Section 138 of the Negotiable Instruments Act. |
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Pre-requisites You should have good internet connection and good quality headphone/speaker set with Laptop / Desktop. You should have notepad/pen to note down important points. |
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How To Register
18% GST is applicable > Mode of Payment: NEFT /Paytm / Credit Card/ GPAY > Fees include certificate of participation & Course Material. *Terms & Conditions apply
Best regards For GFORD Institute of Management Pvt Ltd Kapil Sharma Email: gfordseminar@outlook.com Mob. :9711114779 / 9315556407 For Query and nominations – 9540012349 only Whatsapp
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