AAT Level 4 Credit Control
dalmatian
Registered Posts: 37 New contributor 🐸
Could somebody please confirm whether when they say that a debt collection agency should be taken on and a claim placed with the credit insurers, that this surely does not mean at the same time. I would have thought it logic to only make a claim when the debt collection agency proved unfruitful. Please clarify.... I have my exam on Saturday and would be grateful for an explanation.
0
Comments
-
I think you know. My impression is that you are having exam nerves.
If the customer is still in business and hasn't paid what is owed, you may choose to send a debt collector. (I have never heard of an insurance company letting you insure for not chasing overdue accounts)
If the customer is insolvent or has gone into administration there is no point sending a debt collector for the money they owe you. This is where a credit insurance claim can be made.
If your employer sells on credit, try and have a quick chat with the credit controller. 5 minutes of relevant chat with a couple of anecdotes can be worth 20 pages in a text book.Sandy
sandy@sandyhood.com
www.sandyhood.com0 -
I recently took this exam and today found out I passed wohoo! I requested my feedback on performance and noticed my written questions were borderline even though I had written alot so my tip is to keep practicing the written questions 5 and 7.
Anyway 1 resit and 2 more exams to go.0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 323 NEW! Qualifications 2022
- 165 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 88 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 272 VAT
- 92 Software
- 273 Tax
- 135 Bookkeeping
- 7.2K General accounting discussion
- 200 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership