Dunning (process)

Dunning is the process of methodically communicating with customers to ensure the collection of accounts receivable. Communications progress from gentle

reminders to almost threatening letters as accounts become more past due. Laws in each country regulate the form that dunning can take. It is generally

unlawful to harass or threaten consumers. It is acceptable to issue firm reminders and to take all allowable collection options.

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Collection agency

A collection agency is a business that pursues payments on debts owed by individuals or businesses. Most collection agencies operate as agents of creditors

and collect debts for a fee or percentage of the total amount owed.Some agencies, sometimes referred to as "debt buyers", purchase debts from creditors for a

fraction of the value of the debt and pursue the debtor for the full balance.Creditors typically send debts to a collection agency in order to remove them

from their accounts receivable records.the difference between the amount collected and the full value of the debt is then written off as a loss.



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Credit Management

Credit Management is a branch of accountancy, and is a function that falls under the label of "Credit and Collection' or 'Accounts Receivable' as a

department in many companies and institutions. They will usually deal with the credit vetting of customers, the resolution of any invoice queries or

disputes, allocations of payments or cash application, internal fund movements, reconciliations and also maintaining positive working relationships with

customer during the debt collection or credit review and approval process.


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What does mean Transaction,is not it we using this word our day to day life but sometime we are not ...............

Any exchange dealing of goods or services for cash or on credit by the business with any other business or customer is called transaction. It is an economic activity of the business that causes a change in an organization's financial position or net worth,resulting from normal business activity.

Six Sigma

Six Sigma was originally developed as a set of practices designed to improve manufacturing processes and eliminate defects, but its application was subsequently extended to other types of business processes as well.In Six Sigma, a defect is defined as anything that could lead to customer dissatisfaction

Six Sigma is a registered service mark and trademark of Motorola, Inc.Motorola has reported over US$17 billion in savings from Six Sigma as of 2006.

Six Sigma has made a huge impact on industry and is widely employed as a business strategy for achieving and sustaining operational and service excellence.However, there have also been various criticisms of Six Sigma.

Fixed Asset

Fixed assets management is an accounting process that seeks to track fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence.
Tracking assets is an important concern of every company, regardless of size. Fixed assets are defined as any 'permanent' object that a business uses internally including but not limited to computers, tools, software, or office equipment. While employees may utilize a specific tool or tools, the asset ultimately belongs to the company and must be returned. And therefore without an accurate method of keeping track of these assets it would be very easy for a company to lose control of them.
With advancements in technology, asset tracking software is now available that will help any size business track valuable assets such as equipment and supplies. According to a study issued in December, 2005 by the ARC Advisory Group, the worldwide market for Enterprise Asset Management (EAM) was then at an estimated $2.2 billion and was expected to grow at about 5.0 percent per year reaching $2.8 billion in 2010.

A VOICE OF TALENT

                                                                                      A VOICE OF TALENT

A voice of talent

Do you know, there is 50,000.00 Job Opening in your city, as per Recruitment Survey
But fact is we have less of proper communication due to that Our CV couldn’t reach at Employer.
We have talent ,we have knowledge and all above this we are honest and confident still then we are not able to fetch attention in crowd that means not we are the only peace in crowed instead of this we can say all are designed with extra ordinary but we all are not able to reach at our destination that is only cause we need a proper channel who can communicate in between two parties, Job Seeker and Employer or Job Seeker and Consultant(who directly taken assignment to provide man power to Particular Employer),A good Company always seeks not only talented as per their requirement also person should be dedicated and honest. But how they will come to know about all these quality we are having ? is not it a completed question which creating a big gap between Job seekers and Employer. due to forth coming work pressure and target most of the consultancy some time say lie or hide some weakness of candidate before Employer and pushing a wrong candidate to those Employer for that after a someday of working that employee with Employer coming to know that he/she has lack of particular object of job what that exactly looking for or Employee coming to know that what consultant says about Employer that’s not so what he/she looking for. like this incident putting us in wrong place where we should not be. for a while if we will put to ourselves in the position of an Employer  the first question or challenge will come to us, ‘to hire right employee to stand in market for long period when we know A good employee as like as Gold and back bone of Company, they are valuable asset for them. if they will not do so then not only Employer will loose their position in market also Employee will earn bad name for this. both party is liable to suffer when some guys thing they are very clever by  cheating to employer at the time of interview by saying lie but they are not aware toady Generation count to talent not we been hired and it will be continue as whole life what ever we may do..,however in future we will be come to know how wrong we were at time it is only we can say “there is no means to cry over spilt milk”.
Instead of this we should start our journing on a safe path where no cheating, no hidden whatever we may be we have a proper position and value in our society. Money or Position never gives us Name and Fame, if gave it is only a particular time period and it is not respectable for or comparison with Educated, we should decide we suit to stand with Educated or Riches.  it is only our hard work and honesty offer us these quality. We are matriculate, puc, Under Graduate or we are qualified but due to ruthless we loosed our job whatever, if we will once will get down with truth in market then we will never stop and all will respect to us. it may give some trouble initially but if by our honesty we will impress to our employer then by saying only one chance we need to prove ourselves then what result will come really I can feel it how sweet it would be if I put to myself in those place who really faced this situation and already got frusta acted.
Proper Valuation to our selves how talented we are and which field we can do excel.
How we can assure to Employer we are right candidate what they looking for but only thing is we need one chance to prove. We deserve it.

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