End of Financial Year Checklist 2021

Debt Recovery and Credit Management

Getting the financial affairs of your business in order as we head towards 30 June is critical. Have you:

• issued invoices for all goods/services;
• chased invoices that are 30 days past the due date;
• sent unpaid invoices of 30 days or more to Coleman Greig for collection action;
• reviewed the documentation of your credit account customers to confirm if the documentation has been properly signed/agreed to;
• reviewed whether you need to obtain or have on file any signed personal guarantees;
• reviewed whether any of your terms with customers give or gave rise to a security interest in any personal property you supplied;
• registered all security interests on the Personal Property Security Register (PPSR);