In the realm of financial management, the management of debtors and creditors holds paramount importance for the overall health and sustainability of a business. Debtors represent individuals or entities who owe money to a business, whereas creditors are entities to whom the business owes money. A comprehensive review of debtors and creditors is crucial for effective cash flow management, risk mitigation, and maintaining healthy business relationships.

The primary objectives of this project on debtors and creditors review are:

To analyze the current status of debtors and creditors within the organization.

To assess the impact of debtors and creditors on cash flow management.

To identify strategies for improving debt collection and creditor management.

To mitigate risks associated with bad debts and creditor payment delays.

To optimize working capital through effective management of debtors and creditors.

Data Collection: Gather detailed information on debtors and creditors from accounting records, financial statements, and enterprise resource planning (ERP) systems.

Analysis of Debtors:

Analysis of Creditors:

Cash Flow Impact:

Risk Assessment:

Strategies and Recommendations:

Debtors Analysis Report:

Creditors Analysis Report:

Cash Flow Management Plan:

Risk Management Plan:

In conclusion, a thorough review of debtors and creditors is imperative for businesses to sustain healthy financial operations. This project aims to provide actionable insights and recommendations to enhance cash flow management, mitigate risks, and optimize working capital through effective management of debtors and creditors.