Credit and Collection Seminar
About the Training/Workshop
Overview
Effective and efficient managers now view the credit and collection function as an overlooked profit maker. Without added investment, improving collection adds substantially to the bottom line. Being able to extend the right amount of credit to the right accounts can expand sales and profits at almost no expense. That is why neglecting to manage credit and collection is like sabotaging your own business.
Objectives
• To learn to manage accounts receivables
• To determine those who are credit worthy
• To know how to make a credit policy
• To learn the impact of poor collection on working capital
Who Should Participate
• Those responsible for credit policy and implementation
• Those accountable for collection activities
• Business owners
• Any person interested in knowing about credit and collection
Key Topics
I. The importance of credit and collection management
II. Components and goals of credit and collection
a. Credit / Sales approval
1. The Seven Cs of Credit – The key factors to consider in granting credit
2. Setting credit terms and limits
3. Adjusting credit terms and limits
b. Billing
c. Accounts receivable management
1. Analyzing accounts receivables
2. Aging of receivables
3. Cost of credit computation
d. Monitoring and improvement
1. Improving credit and collection process
2. Credit and collection strategies
3. Effective collection management
• Categorizing bad debts
• Locating missing debtors (Skip Tracing)
• Dealing with difficult debtors
4. Sample collection letters
III. Effective credit policy and procedures
a. Creating policies and procedures
b. Do’s and don’ts
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Click here to -> CHECK SCHEDULE
TIME: 9:00 AM to 4:00 PM
VENUE: Unit 2 2/F Intellect Bldg. MacArthur Highway, Brgy. San Sebastian, Tarlac City, Tarlac
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OR
Click here to -> REGISTER ONLINE
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Contact Details:
Contact Numbers: (045) 923.1751 or text/call 0920.959.4020 or 0949.993.9043
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