Credit Control
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Expert Online Bookkeeping Services
Financial Statements
* Balance Sheet – Displays assets, liabilities, and equity at a specific time.
* Income Statement – Summarizes revenue, expenses, and profits over a period.
* Cash Flow Statement – Monitors cash inflows and outflows to assess liquidity.
Daily Accounting Report
This report detects errors and fraud early, updates financial records continuously, enhances cash flow management, and assists in decision-making.
Budget versus Actual Report
This document facilitates the comparison of budgeted expenses with actual expenditures.
Credit control is the system used by businesses and central banks to make sure that credit is given only to borrowers who are likely to be able to repay it. As such matters are rarely certain, credit controllers control lending by calculating and managing risk.
Specifically Credit Control is responsible for
- Cash Posting And Allocation.
- Aging Report With Comments.
- Customer Account Reconciliation.
- Bad Debts Report
