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"This type of receivable is not something we pursue when the alleged debtor is deceased".
21 A substantial clean up of receivable and payable accounts was carried out in 1997.
As I had recommended in my previous report, the Secretariat undertook a substantial clean up of receivable and payable accounts in 1996-97.
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A receivables management firm offers an "A to Z of receivables management".
One of the central pieces of the Peregrine fraud was the sale of receivables, many of them fraudulent, to banks.
A sale and leaseback of property and securitisation of receivables were seen as ways to help cut debt.
Its consumer-credit company booked a profit of €70m representing an acceleration of future interest from a securitisation of receivables.
The results showed up in 1999, when the company tripled the number of receivables it could sell to others to collect.
Indeed, he says, the sales of receivables accounted for about 22 cents a share in earnings, or almost 4percentt of the company's net income for the year.
"The last thing I wanted to figure out was the nuts and bolts of keeping track of receivables and payables," he said.
Is someone staying on top of receivables, being careful about opening new accounts and making sure the existing ones are current?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com