Webinar on

Collect & Prevent Overdue Outstanding Collections

15th September 2021

11:00 am to 04.30 pm

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.

Contents

v Building a Credit Policy:

·     Fundamentals of Good Credit Management

·     Principle of Offering Credit, Terms of Payment

·     Collection Policies and Practices

·     Building Credit Policy based on Needs of Market – Why not follow IOC Policy?

·     Credit Worthiness – Developing simple method 

v Few Mechanics

ü Cost involved in giving Credit

·     Utilising to decide the period of credit

·     Whether to accept earlier payment than the agreed terms by giving discount.

ü Calculating  Ageing of Receivables and Average Collection Period and use of it to collect the receivables according to the Credit Policy

v Role of Accounts and Marketing Department in collecting the receivables.

v 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

v Role of Top Management or Owner of the Organisation

v Role of CASH Management Service provided by Banks – Cost & Benefits Analysis

v Availing of Credit Limit against Receivables from Bank

v Availing Bill Purchase Limit from the Bank

v Collecting Cheques from the Customers – Advantages and Dis-advantages.

v Problem Accounts and Legal Action including Action in the case of Cheque

v Taking Advantage MSME Act provisions to collect the dues in time

v Return under Section 138 of the Negotiable Instruments Act.

Course’s time structure:

Session – (11:00am to 4.30pm) 30mins Break Included

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.

How To Register

Fee Structure :- Per participants

Rs. 5500/-

USD 90

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

Piyush Verma

Email: gfordseminar@outlook.com 

Mob. :9711114779 / 9315556407

For Query and nominations – 9540012349 only Whatsapp

 

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