Money comes in from paid sales and goes out in expenses to achieve those sales, mainly to creditors for supplies and in salaries and operating costs. If more cash goes out than comes in, and if the time lapse between in and out needs financing, then the business falls back on its resources or its borrowings to fund that gap. Effective credit control in an organization ensures collection from debtors is received on time to ensure there is a balance between cash in and out to keep the business in operation. Two major users of expensive bank overdraft borrowings are unsold stocks and uncollected debtors.
During this training the participants will gain practical understanding of the credit collection cycle to ensure cash collection from debtors is prioritized.
Who should attend???
• Credit controllers
• Credit/loan officers
• Business owners
• Sales & marketing executives
• Receivable/payable accountants
• Debt officers
• Credit analyst
LocationLake Naivasha Resort, Nairobi, Kenya
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