Aged Debtors report - Leadership and management PDF

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Leadership and management...

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Debtor Report for growth management consultant A summary of growth management 1. A summary: an interpretation of the information in the aged debtor report. As we can see from the data above Growth management company is not paying the debtors on time. Client 1 got paid after 90 days, client 2 after 120+ days and client 3 got paid after 60 days. On an average all the debtors got paid after two months. 2. Good practice debtor management.       

A good debtor management practice should consider following points as listed below; Considering the payment terms. State payment terms upfront. Invoice promptly. Provide timely reminders. Make steps easy for people to pay for you. Make debtor management easy with the right tool.

3. Develop at least 5 recommendations that could be adopted by the company in response to your analysis. This will also be based on the debtor management research you conducted.  The five recommendations to the Growth management consultant is:  Develop better debtor management system.  Have an accounting software like MYOB, which automatically maintains accounts.  Prioritize key debts.  Cut back on non-essential spending.  Use any spare money to overpay your debt....