SME Debtors’ Manual Package

Committed to assisting businesses to reduce “Debtors’ Days Outstanding”

  • The SME Debtors’ Manual will assist a small/medium enterprise to effectively manage the very important asset category – “Sundry Debtors”.
  • Many SMEs are operating their businesses with very high “Debtors’ Days Outstanding”. We believe that this manual will contribute to a reduction in Debtors’ Days Outstanding.

Package Content

The manual includes suggested procedures, forms and addendums as follows:

  • Introduction to Effective Debtors Management
  • Debtors Management System Checklist
  • Setting up an Effective Debtors Management System
  • Being Diligent on Transactions
  • Proactive Monitoring of Debtors
  • Debtors Management
  • Monthly Debtors’ Timetable
  • Debtors Systems Staff Training
  • Debt Recovery Letters
  • Cash flow Management Hints
  • Debtors Discounting and Factoring
  • Debtors Insurance
  • Debtors System Review by your Accountant

Together with a total of 23 addendums and forms

Want To Know More?

A report prepared by a UK based organisation in 2017 highlighted the problem that many small/medium enterprise operators had been complaining about for years – the extremely high level of Debtors’ Days Outstanding in Australia.

The UK report identified that Australia had the dubious title of having the “longest Debtors’ Days Outstanding in the World”. The Australian figure was 56.4 days considerably longer than the next closest country.

It is pleasing to note that the Prime Minister has instructed federal government departments to make payments to small/medium enterprises within twenty days. Whilst this is very acceptable to the SMEs who deal with federal government departments, thousands of small/medium enterprises do not deal with federal government departments although many of them do have transactions with state or territory Government departments and big business. It is to be hoped that these governments and business will follow the Prime Minister’s lead and ensure that their organisations pay SMEs within twenty days.

However we believe there is another significant problem and that is that many small/medium enterprises have not established an appropriate system for the control of their debtors. The commencement of the Personal Property Securities Register regime in January 2012 has further complicated the Debtors’ Management System for many businesses.

ESS Small Business in conjunction with ESS BIZTOOLS have developed the SME Debtors’ Manual to assist small/medium enterprise operators to implement appropriate systems relative to the control of debtors in an attempt to reduce Debtors’ Days Outstanding within small/medium enterprises.

We believe that users of the SME Debtors’ Manual will see an improvement in Debtors’ Days Outstanding thus contributing to an improvement in the businesses management.

Purchase Package

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Contact Details

12 Eclipse Street, ROWES BAY, QLD 4810
(07) 4724 1118
Toll Free: 1800 232 088
sales@essbiztools.com.au
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