Checking the correctness of the scheme/discount updated in the system
Checking of invoices post accounting for schemes & discounts to check the correctness of the scheme & discount updating
Checking of invoice factor on any amendment to the VAT rate
checking of tax rate for the relevant customers
Reconciliation of monthly invoices with the schemes & discounts provided by marketing
Answering to marketing for the queries relating to above
Accounting for claims
Comparing the schemes/discount papers received against the amount ascertained
Analyzing the actual scheme/ discount with the budget
Ascertaining the monthly provision against sales made and intimating to accounts team
Verifying the correctness of the IFOR limit & period updated
Preparation of the MC request for IFOR limit & period received from marketing
Checking the criteria of customers having balances more than 6 months, balance confirmation defaulters and intimate to marketing
Credit insurance
Balance confirmation:
Providing data pertaining to the customers falling under overdue
Monitoring the movement of the customers both fallen due for payment as well new customers falling under the overdue category
Ensuring the necessary documents are sent to the insurance company for lodging notification/claim
Remittance
Ensuring that remittance is done on the same day of the receipt
Monthly report to the marketing of the collections made branch-wise
Sales Return
Checking of the invoice factors pertaining to the invoices for the last SKUs sold in the past
Checking whether the material has been physically received at the warehouse and manual GRN has been taken at the warehouse.
Checking whether the sales return has been duly authorized
Checking the correctness of the Sales return value manually computed and passing entry to the difference of the system generated and manual amount computed.
New Selling Arrangement:
Ensuring all new customers are created in the system after duly authorized
Check whether the required documents are submitted for creation of a new customer
Periodically review whether any change in the constitution of the party has been reported to ensure that new customer code is created for them
To ensure that balance confirmation is sent to all the parties on a monthly basis and the proof of sending the same is maintained for records
Periodically take it up with marketing on the pending balance confirmation from the customers.
To resolve the issues highlighted in the balance confirmation by the parties such as the pending credit notes, excess amount debit etc.
Charging of interest:
Charging of interest on the overdue balances of the customers on a monthly basis
