Post by account_disabled on Feb 24, 2024 22:26:30 GMT -5
To adjust the amount of the reserve for doubtful debts. If disagreements are identified with counterparties, a reconciliation is carried out for the required period. During the inventory, the amount of doubtful and/or bad debts is clarified, a reserve is formed, and information on receivables already written off for the balance sheet is checked. Working with debtors Preventive work is being carried out in this direction. Its essence consists of analyzing contractual terms, calculating the repayment period of debts, checking the fulfillment of the payment schedule, and clarifying the correctness of payments and shipments.
If necessary, a reconciliation with the counterparty is carried out, and informational Buy Bulk SMS Service reminder letters about the payment date are sent. Unscrupulous partners are subject to claims. The turnover process can be simplified with the help of an arrears control program. Segmentation is carried out in the context of individual counterparties, contracts, by terms and types of delay. Analysis of collection costs When identifying an already overdue receivable, the company should first estimate the real costs of collecting it. The following types of expenses are inevitable.
Postage costs; receiving extracts from the Entities/Unified State Register of Individual Entrepreneurs; payment for delivery services; payment of state duty; filing a claim in court; legal expenses for representation; other types of legal costs. When estimating costs, you need to take into account the approximate labor costs for debt collection. It is possible that the cost of the work and the amount of time spent will be incomparable with the amount of debt. Then it makes sense to determine the minimum threshold of receivables for which it is worth fighting, and to collect through the court only debts above the established limit.
If necessary, a reconciliation with the counterparty is carried out, and informational Buy Bulk SMS Service reminder letters about the payment date are sent. Unscrupulous partners are subject to claims. The turnover process can be simplified with the help of an arrears control program. Segmentation is carried out in the context of individual counterparties, contracts, by terms and types of delay. Analysis of collection costs When identifying an already overdue receivable, the company should first estimate the real costs of collecting it. The following types of expenses are inevitable.
Postage costs; receiving extracts from the Entities/Unified State Register of Individual Entrepreneurs; payment for delivery services; payment of state duty; filing a claim in court; legal expenses for representation; other types of legal costs. When estimating costs, you need to take into account the approximate labor costs for debt collection. It is possible that the cost of the work and the amount of time spent will be incomparable with the amount of debt. Then it makes sense to determine the minimum threshold of receivables for which it is worth fighting, and to collect through the court only debts above the established limit.