- Implement these three levels of controls to reduce errors in your company's creditor balances
- Errors in creditor balances can lead to overpayments and underpayments. This makes you liable for interest and penalties. Don't let your business suffer unnecessarily. Put these three creditor controls in place today and save your business's cash flows.
'You don't need to increase your staff complement or change your accounting system to increase the controls in areas where your business is vul... ››› more
- [26 January 2017]
- Do you know the three risk areas in your creditor balances?
- Creditors are short-term liabilities you have to settle within 12 months. This means your business needs cash available to pay the accounts in the immediate future. And normally you'll need to do that within 60 days from the date of the transaction. But will you be able to? Read on to discover the three risk areas in your company's creditor balances so you can ensure you have enough cash on hand t... ››› more
- [29 October 2013]