The Business Man's Library Volume 10

The Business Man's Library Volume 10

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1907 edition. Excerpt: Collections s aso s duty o coUect these debts, and a Part of the credit man is usually the collection Credit Work manager or has a subordinate who bears that title. When the credit man determines upon the credit limit of a customer, he also fixes the terms of payment--the time to be allowed a customer for payment, and discounts. These conditions are, of course, to some extent dictated by the sales department, but depend for final action upon the credit man. The accounting department not only sends out the bills for orders as soon as they are filled, upon each of which is recorded the terms of payment, but also sends out a statement at the beginning of each month. In some businesses the bookkeeper handles the matter of following up. collections from this point on until the debtor becomes utterly delinquent, when he is handed over to the legal department, the credit manager simply exercising general supervision over the policy and the routine course of following up the debtor. This plan, however, is not followed in a good organization, for the accounting department should be left to the handling of accounts. Collections are a difficult matter, and should be from the very beginning in the hands of a man whose attention is concentrated upon that work. Therefore, from the time the statement is issued, the collection of the account passes on to the collection department. This is a very important department, for the difficulty which most business houses have in making collections is due to their own lack of system. Customers can be educated into paying promptly just as they can be led into dilatory habits. The most efficient method, although it is slightly cumbersome, is for the accounting department to send Treatment a carbon C0Py of every statement...
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Product details

  • Paperback | 46 pages
  • 189 x 246 x 3mm | 100g
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236500334
  • 9781236500335