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Credit Levels

Credit Levels

Financial Management Policies
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Purpose

Regular monitoring and consolidation of reporting on credit levels with suppliers and on overdrafts etc occurs

Background

This is an area that requires close and careful monitoring as proper management of credit will facility smooth cashflow whereas nasty surprises in this area can and often do cripple a business.

Scope

Management and Accounting Staff

Procedure

Prepare monthly reporting on all credit facilities from the accounting software and by consolidating all statements from creditors.

(IDENTIFY ALL STEPS TO PRODUCE SAME FROM YOUR ACCOUNTING SOFTWARE)

What you will need before you begin

Need

Notes

Time
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Tools and Equipment
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Parts
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Support people
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Paperwork and authority
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Other
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Steps

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Tips

Any tips learnt from previous experiences that should be passed on – delete this section if not needed

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Traps

Any traps to avoid learnt from previous experiences that should be passed on – delete this section if not needed

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