Credit Control & Debt Recovery

Course details

It is said that 'A sale has not been completed until the bill has been paid'. Ineffective credit control has led a huge amount of companies to close dowa Credit control is crucially important for both large and small businesses.

This intensive course provides a broad introduction to the area of credit control. It will enable participants to learn and understand the tools, techniques and process of effective credit control and cash collection. All aspects of a credit controller's job v/ill be covered and it v/ill enable participants to get the complete picture so that they will not only improve their knowledge, but v/ill also learn to see the linkages between all aspects of work.

Expected Accomplishments

• Understand the effect of credit sales on debtor accounts and income
• Know the importance of bad debt to your credit and collection system
• Understand the need to manage the collection function
• The importance of prompt collections toan organization
• Evaluate debtor accounts to see where problems lie before they get out of hand
• Boost the impact of collection
• Understand thesystem of credit control
• The role of the credit control to an organization
• The need to focus on debt collections

Course Outline

• The revenue cycle
• Debtor's accounts and cost of bad debt
• An effective system of Credit Control and Debt Recovery
• The meaning and function of credit control + internal control
• Aged debt analysis
• The basics of col lections
• Management of customer's accounts
• Effective negotiations
• Ways and means of collecting the cashdue

Who Can Benefit

• Personnel working in credit control and debt recovery Related Training
• Basic Accounting Concepts Module III
• Finance for Business Decisions
• Business Planning Et Budgeting

Mode

• Consultant led classes with inpidual exercises, case studies and group discussions.

Prerequisites

• Basic knowledge of accounting