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TCD BUSINESS PERSPECTIVE -2012 AN ACCOUNTING VIEW

TCD BUSINESS PERSPECTIVE -2012 AN ACCOUNTING VIEW. FINANCE DEPARTMENT. TCD BRANCHES PERSISTING ISSUES REQUIRING IMPROVEMENTS. Area of concerns Delay in submitting Branch reports of Collection Vs Deposits Increase in Past Dues , Need Monthly Customer Statement Confirmations.

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TCD BUSINESS PERSPECTIVE -2012 AN ACCOUNTING VIEW

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  1. TCD BUSINESS PERSPECTIVE -2012AN ACCOUNTING VIEW FINANCE DEPARTMENT

  2. TCD BRANCHES PERSISTING ISSUES REQUIRING IMPROVEMENTS • Area of concerns • Delay in submitting Branch reports of Collection Vs Deposits • Increase in Past Dues , Need Monthly Customer Statement Confirmations. • Settlement Discounts. (To avoid R.V. Should have proper Invoices to be settled) • Bulk Cash Purchases through Petty cash • Delay in submitting Invoices, submitting without proper recipient and Branch Manager’s signature • Delay in return checks clearing.

  3. COST CONTROL • It is mandatory that you, as the branch manager understands the importance of cost control. • All expenses must be reviewed considering the branch’s profitability & contribution to the bottom-line of our division. • All expenses that requires HO approval should be made only after obtaining such approvals. • Each Halala saved will directly contribute to the branch profitability.

  4. TCD BUSINESS TARGETS & CONCERNS Common Business Targets • Maximizing sales, timely collections, profitability and constant business growth. Area of concerns: • Expanding customer base • Supply Chain Management • Inventory Management • Collections - Past due trend • Cost control measures • Product Lines

  5. ADDRESSING FEW MORE CONCERNS • Following concerns are common to most of the branches: • Some SCV postings are made even without cheques being deposited in the branch. It is our division’s policy to record collections only on realization of cheques. However, if the branch manager approves then SCVs shall be made but only after depositing such cheques in the bank. • Belated distribution of Gold and delay in dispatching us the confirmation of Gold certificates issuance duly signed by the recipient WE WANT YOU TO BE PRO-ACTIVE IN FIXING THESE ISSUES HO FINANCE CONGRATULATE YOU & YOUR STAFF FOR THE EXCELLENT PERFORMANCE IN 2011 AND WISH YOU FOR AN EVEN BETTER YEAR 2012. OUR CONTINUOUS AND USUAL SUPPORT ARE REST ASSURED.

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