debt recovery philip jones – credit controller 22 november 2007
TRANSCRIPT
DEBTRECOVERY
Philip Jones – Credit Controller
22 November 2007
Staff & Location:
Philip Jones- Credit Controller – (Tues-Fri)
Alison Sellick – Debt Recovery Assistant (F/T)
Room 56 Northcote House
Tel:01392.263139
Fax:01392.262325
[email protected] Report to Tanya Hitchen – Head of Commercial Finance
Operations (Treasury)
Ledgers: S1 = General
S2 = Research Accounting
S3 = Accommodation Office
S6 = Family Centre
Turnover:
S1 - 2005/06 = £9,277,199
S2 - 2005/06 = £6,888,166
S1 - 2006/07 = £10,191,626
S2 - 2006/07 = £4,866,397
Important Information:
Name & Address (Personal/Company) to Include
Telephone numbers/Email Address
Purchase Order/Name etc
V.A.T. (E = Exempt
O = Outside the Scope
S = Standard Rate
Correct pricing
Check the invoice before sending to customer
Daily/Weekly/Monthly: Create New Accounts
Raise Invoices/Credit Notes
Input of Cash/Chqs/Credit & Debit card pymnts
Transaction Matching (Checking account balances)
Statements
Age Debtor Reports
Telephone Chasing
Interest charges/Legal Action
KPI’s
Annually:
Check all ledgers for possible Write off
Prepare Write Off list
Write Offs 2006/07:
S1 = £410.60 (5 small debtors)
S2 = £27,337.79 (2 companys in Liquidation)
Journal accounts and write back to originating
codes
CREDIT VETTING:
Dun & Bradstreet
Reduce the Risk of Bad Debt
Duns/Company Number
Trading/Registered address
Report requested and sent to
School/Dept for decision
Legal Action
In house
Debt Collecting Agent
Solicitors
QUESTIONS!!!!!!!!!!!!!!!!
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