IBC case law - SC, NCLT & NCLAT Rulings on Resolution Plans
IBC case law - SC NCLT & NCLAT Rulings on Resolution Plans, IBC case law, SC NCLT & NCLAT Rulings on Resolution Plans, Rulings on Resolution Plans, ...Read More
Sales are complete when you receive your sales proceeds, but what if sales proceeds remain outstanding or your debtor refuses to pay for credit sales. In these situations, the organisation is a nightmare. This nightmare is further aggravated when management needs to provide an explanation every year for outstanding debtors published in your financial statements.
Debt recovery has now become the main constraint for growth. As a prerequisite in a competitive business scenario, you cannot afford to avoid credit or advance while sale is made.
In this, the "Debt Recovery Management" process is quite helpful in ensuring that your debtors pay on time and, on the other hand, implement the credit policy. "Debt Recovery Management" is a set of policies, checkpoints, expert advice and legal actions, including the following:
Proper synchronization of the above activates would ensure full recovery.
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Thank you very much for all your help in setting up my new company and clearing up all outstanding business in my sole trader accounts. For the first time in years I have peace of mind regards my business accounts. Your workforce are a credit to you, the girls at reception are so helpful and Chris has been brilliant. It is very much appreciated.
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We use Rajput Jain & Associates for all our accounting, Corporation tax, VAT and other compliance needs. The service is professional, courteous and prompt. I would recommend Rajput Jain & Associates to any company requiring a comprehensive accounting and tax service.
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