Debtors Management
Requisite Reports
1.Parties
Statement of Accounts each Month (Viz Subledger)
2.Partywise Billwise Outstanding (Viz Open Entries
each month)
3.Agewise Analysis of Outstanding at month end.
4.Payment Register (Receiptwise)
5.Outstanding and Expected Collection Statement
Other Reports
1
Cheques On Hand
2. Billing Limit Voilation Report
3. Price Varaince Report
4. Cheque Dishonour Statement
Controls
1
Subledger Should tally with Partywise Billwise Outstanding
2.Confirmation of Balances
3.Reconcilation for Disputed Parties
4.Special Credit Limit/Credit Days
5.Linking Unadjusted Creditnotes
6.Write off/ Writeback of Balances
7.Unadjusted Credits idle for more than 6 months.
Additional Controls:
1. Provisioning On Debtors-As per Company Policy
2.Legal
Cases
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