- The Accounting Head shall prepare a
quarterly report on the level of outstanding and overdue debts.
- This
report shall be included in the quarterly management report to the CEO.
- The
report must outline:
- the
amount outstanding but not yet due;
- the
total for each overdue age category;
- name
of each debtor within each age category;
- the
recovery actions taken for each overdue debt.
- The
aging of overdue debts shall be within the following categories:
|
Not Yet Due
|
Overdue
|
Overdue
|
Overdue
|
Overdue
|
Overdue
|
|
|
0-3
months
|
4-6
months
|
7-12 months
|
1-2
years
|
Over 2 years
|