3. Runs aged debtor report, or similar. Checks invoices issued and receipts entered into accounts receivable. Identifies and corrects any incorrect entries. Reviews debtor ledger and investigates monies owed against – Liaises with debtor to clear debt. terms and conditions. Verifies bad debt with relevant bodies: Recovery action: ASIC action liaison with client foregoing overdrafts letters of notice closure of business advice to office notices of administration return of goods returned mail legal action letters from solicitors/accountants letter of collection utilities being cut off. letters of demand without prejudice Writes off debt initiates journal entries to expense the bad debt – third party interventions (including provision account adjustments). summonses write-offs. 4. Debtor reconciliation reports. Creditor reconciliation reports. Errors identified and any corrections are made. balance produced. Reports presented and explained where necessary. Comments/observations (If the questions were not satisfactorily answered, state whether practical assessment or gap training is required.)
3. Runs aged debtor report, or similar. Identifies and corrects any incorrect entries. Liaises with debtor to clear debt. Verifies bad debt with relevant bodies: ASIC action foregoing overdrafts closure of business notices of administration returned mail letters from solicitors/accountants utilities being cut off. Writes off debt – initiates journal entries to expense the bad debt (including provision account adjustments). Checks invoices issued and receipts entered into accounts receivable. Reviews debtor ledger and investigates monies owed – against terms and conditions. Recovery action: liaison with client letters of notice advice to office return of goods legal action letter of collection letters of demand without prejudice third party interventions summonses write-offs. 4. Debtor reconciliation reports. Errors identified and any corrections are made. Reports presented and explained where necessary. Creditor reconciliation reports. balance produced. Comments/observations (If the questions were not satisfactorily answered, state whether practical assessment or gap training is required.)
BOS1209_Cert%20IV%20Finance%20RPL.docx