Are you checking your Creditor Ageing Report regularly?

 

 

If not, know why you should-

 

1.

To know which party’s payments are due and who’s are going to be due soon.

2.

To know which party’s advance payments are done but the bills are yet to receive,if it will not be knocked off this will creates disturbance in creditor and debtor ageing reports.

3.

To know which bills are unsettled.

 

 

NOTE

 

1.

Bill by Bill Accounting is best method to control debtor and credit ageing.

2.

MSME -45 Day rule should be controlled otherwise there will be penalties on provisions.

 

KEEP CHECK ON YOUR CREITOR AGEING REPORT!!