Credit control - account receivable management, Financial Management

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Q. Credit control - account receivable management?

Once credit has been established it is important to review outstanding accounts on a regular basis so overdue accounts can be identified. This can be done for instance by an aged receivables analysis. It is as well important to ensure that administrative procedures are timely and robust for example sending out invoices and statements of account and communicating with customers by telephone or e-mail and maintaining account records.

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