You will get Virtual Accounting & Book-keeping support Services
Project details
Management of the receivables asset is a demanding task. The vast majority of companies expect that over 99.9% of all billings will be collected. Companies will tolerate bad debt expense of several tenths of a percent of revenue, but not much more. Which other departments are expected to perform at 99 plus percent effectiveness?
It is generally expected that a high percentage of invoices will be paid on time and over 90% within 30 days of the due date. Management expects that the asset will be managed to promote sales and that all customers will be served promptly, courteously, and professionally. Astoundingly, most firms also expect this all to be accomplished for a cost equal to about two to three tenths of a percent of revenue. Quite a bargain!
Management of the receivables asset is a complex task. Excellence in receivables management is a combination of art as well as science; it involves business process, technology tools, staff skills, motivation, company culture, changing behavior of both, customers and co-workers, the right organization structure and metrics, incentives, and flexibility to deal with changing external influences.
It is generally expected that a high percentage of invoices will be paid on time and over 90% within 30 days of the due date. Management expects that the asset will be managed to promote sales and that all customers will be served promptly, courteously, and professionally. Astoundingly, most firms also expect this all to be accomplished for a cost equal to about two to three tenths of a percent of revenue. Quite a bargain!
Management of the receivables asset is a complex task. Excellence in receivables management is a combination of art as well as science; it involves business process, technology tools, staff skills, motivation, company culture, changing behavior of both, customers and co-workers, the right organization structure and metrics, incentives, and flexibility to deal with changing external influences.
Purpose
BusinessIndustry
Data Analytics, Financial Services, Government & Public Sector, Manufacturing & Storage, Nonprofit, Telecommunications, Transportation & Automotive, Travel & TourismLanguage
EnglishWhat's included
| Service Tiers |
Starter
$20
|
Standard
$120
|
Advanced
$500
|
|---|---|---|---|
| Delivery Time | 1 day | 7 days | 30 days |
Frequently asked questions
About Dipankar
Finace controller at Clubside Tours and Travels Pvt. Ltd
Siliguri, India - 1:29 am local time
& urge to excel in whatever I do. I would like to work an environment
that provides scope for individual's growth & encourages creativity,
innovation & initiative while providing challenging assignments as following:
✔ Debtor ledger reconciliation on monthly basis.
✔ Debtor payments reconciliation twice a week.
✔ TDS cost book on monthly basis.
✔ Commission amount book on monthly basis.
✔ Commission amount match with recovery team at the end of every
month.
✔ Debtors Management in full details in Excel Sheet.
✔ Sharing dashboards of payment & Debtor recon with the
management.
✔ Sharing data discrepancy dash board with management on
monthly basis.
✔ Passing JV & other adjustment entries in the book.
✔ TDS reconciliation on quarterly basis.
✔ Ledger scrutiny on fortnightly basis.
✔ Bank update on every alternate day basis.
✔GST return filing on a monthly basis.
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Delivery time starts when Dipankar receives requirements from you.
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Revisions may occur after the delivery date.
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