After delivering goods or services, the business issues an invoice to the customer with payment terms (e.g., within 30 days).
Aging Analysis:
A tool used to track the outstanding receivables based on their due dates. This helps in identifying overdue accounts and managing credit risk.
Credit Control:
Businesses often establish credit policies and limits to assess the creditworthiness of customers before extending credit. Managing these policies is vital to minimize bad debts.
Receivables Management:
This includes monitoring customer accounts, sending reminders, and following up on overdue invoices.
Bad Debts:
Accounts that are unlikely to be collected, often due to customer insolvency or non-payment, need to be written off as bad debts.
Job Types: Full-time, Contract
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