Most companies have a big concern regarding their overdue debtors and provision for doubtful debts (“PDD”). The issue of overdue debtors is raised at every management review, with little follow up action later on due to efforts, manpower and time required to reduce debtors or focus on PDD reversal.[…]Download ?
Cashflow is the lifeblood if an organization. An organization may live without profits BUT it cannot survive if it runs out of cash.
A major factor contributing to poor cash flow is not collecting from debtors on time. It is the responsibility of the sales team to collect from their customers. […]
Cashflow is the lifeblood if an organization. An organization may live without profits BUT it cannot survive without “Cash flow” – the generation of funds needed to pay salaries, infrastructure expenses, vendors etc.[…]
Organizations in India, who ship their products beyond the state boundaries in India, need to collect the Form C from the buyers in order to obtain the benefit of the concessional sales tax rate.
In case the Form C is not collected in time from the customers, […]
Overdue debtors are a drain on the resources of an organization. Overdue debtors affect
liquidity, profitability and take up considerable time of the sales team to collect the
The time the sales team could spend generating new business is spent on following up with difficult customers […]
With the BJP Government achieving absolute majority in Uttar Pradesh and forming Governments in
other states – it is now sure that the GST will become a law with effect from July 1, 2017.
The GST Act has not been declared till date, therefore it is now known how the old VAT Act and the New GST law will […]
The Rajya Sabha has passed the 4 essential GST bills, thus paving the way for GST implementation from July 1, 2017. For the Modi Government this is a big reform and implementation will be quick.
With GST implementation, the collection of pending and aged sales tax and C forms will become mandatory and […]
Collecting Form C’s is a time consuming activity that involves chasing a number of customers for the Form C and other sales tax forms, reconciling accounts, identifying customer issues, submitting information demanded by the customers such as E1 forms, road permits […]Download ?
Managing accounts receivables is a time consuming activity that involves chasing a number of
customers, reconciling accounts, identifying customer issues, submitting information demanded by the customers etc. […]