To control and
manage the accounts receivables so as to ensure that
all collections and pending customers’ balances
due to the company are fully collected, properly settled
and documented on due dates so that to minimize possible
customers’ defaults. Also managers customers’
individual accounts and documents to establish proper
and adequate support for their outstanding liability
-
Create new Trade
Debtors accounts or cost centers in the Computer
Operating systems and / or for the Nominal Ledger,
in accordance to the prevailing “Chart of
Accounts”.
-
Review Sales
Invoices to ensure compliance with prevailing Price
List, applicable tax regulations and proper approval
on sales discounts.
-
Maintain financial
records and accounts of all Trade Debtors (Dealers
and Individual Customers) for each and every division
in the operations.
-
Follow up on
settlement of outstanding debts at due dates and
make necessary relevant adjustments against the
settled invoices and / or outstanding debts.
-
Review the Daily
Sales and Collection Statements of all the operational
divisions and branches by Franchise wise against
Bank Deposit Slips to ensure that they are in agreement
with the issued receipts during the day. Ensure
that daily collections are fully deposited in the
related banks on the same or the next working day.
-
Control trading
transactions pertaining to Post Dated and Dishonored
Cheques.
-
Making necessary
settlement cut off between the Daily Collections
and its related Sales Invoices, Post Dated Cheque
and / or Dishonored Cheques.
-
Maintain control
over goods sold but not yet delivered, and ensure
that all deliveries made for sold goods are adequately
documented and paid for / settled.
-
Prepare Debtors
Reports pertaining to the MIS, and study the Debtors
status and aging of outstanding balances on monthly
basis in order to establish the required provisions
and made the necessary adjustments for each type
of the debtors as per the prevailing policy.
-
Study the Trade
Debtors status to ensure that the Debtors are maintained
within the approved credit limit figures established
per the company’s credit policy.
-
Ensure that adequate
provision has been established for the Trade Debtors,
and propose for actions to be taken against defaulted
customers and for writing off bad debts, when necessary.
