Report On Examination of Financial Statements Two Fiscal Years Ended June 30, 1982 : Report to the Legislature 1982
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In our eReader you can find the full English version of the book. Read Report On Examination of Financial Statements Two Fiscal Years Ended June 30, 1982 : Report to the Legislature 1982 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Report On Examination of Financial Statements Two Fiscal Years Ended June 30, 1982 : Report to the Legislature 1982
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Also, collection agencies retain as a commission 20 to 50 percent of the amount of debt they collect.
Based upon the average cost to service the accounts, the depart- ment should establish specific dollar limits for determining which accounts should be pursued or written off. The department should not record those debts for less than the limit on their system.
These debts should be immediately written off when transferred from other agencies.
If dollar limits were established, the ratio of expe...nses to collections may be reduced. The department should evaluate costs and consider collection alternatives such as the use of collection agencies, dollar limits for attempting collection on an account, and when to use the department's tax offset system.
RECOMIVIENDATION #8 WE RECOMMEND THE DEPARTMENT: A. PERFORM A COST/BENEFIT ANALYSIS ON COLLECTION OF DEBTS.
B. ESTABLISH SPECIFIC DOLLAR LIMITS FOR BAD DEBT COLLECTION AND WRITE OFF.
14 C. EVALUATE COSTS ASSOCIATED WITH THE BAD DEBT COLLECTION SERVICE.
What to read after Report On Examination of Financial Statements Two Fiscal Years Ended June 30, 1982 : Report to the Legislature 1982?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Office of the Legislative Auditor to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Also, collection agencies retain as a commission 20 to 50 percent of the amount of debt they collect.
Based upon the average cost to service the accounts, the depart- ment should establish specific dollar limits for determining which accounts should be pursued or written off. The department should not record those debts for less than the limit on their system.
These debts should be immediately written off when transferred from other agencies.
If dollar limits were established, the ratio of expe...nses to collections may be reduced. The department should evaluate costs and consider collection alternatives such as the use of collection agencies, dollar limits for attempting collection on an account, and when to use the department's tax offset system.
RECOMIVIENDATION #8 WE RECOMMEND THE DEPARTMENT: A. PERFORM A COST/BENEFIT ANALYSIS ON COLLECTION OF DEBTS.
B. ESTABLISH SPECIFIC DOLLAR LIMITS FOR BAD DEBT COLLECTION AND WRITE OFF.
14 C. EVALUATE COSTS ASSOCIATED WITH THE BAD DEBT COLLECTION SERVICE.
What to read after Report On Examination of Financial Statements Two Fiscal Years Ended June 30, 1982 : Report to the Legislature 1982?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Office of the Legislative Auditor to read onlineMoreLess
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