Finance Division Taster Sessions - Credit Control
Description
To provide an opportunity for someone from elsewhere in Finance Division to spend a day in the Credit Control Team to get an overview and appreciation of what they do.
Target audience
Staff within the Finance Division and from other departments
Topics covered
- BACS list, cash identification and AR banking sheet
- Receipting (incl. foreign currency receipts)
- Relationship with Cash Management
- Department debt statements and write offs
Research debt
- Relationship with the ROO
- Research debt
- Overdue lists
- Types of sponsor
- Types of invoice
- Major sponsors (incl. Research Councils, Wellcome Trust and EC)
- Refunds and interactions with AP
Reporting and other Credit Control tasks
- Monthly reporting
- Bad debt provisions
- New Sponsors/AR customers and credit checks
- CMS
- Debt recovery
- Exception reports to highlight potential problems
Objectives
- Overview of the work of the Credit Control team, for both research and non-research debt
Duration
Half Day
Frequency
Approximately every 3 months.
Events available