From ACT Wiki
Jump to navigationJump to search
The printable version is no longer supported and may have rendering errors. Please update your browser bookmarks and please use the default browser print function instead.

1. Cash management.

To obtain value for receivables through the banking system.

2. Tax - tax authorities.

To ensure the remittance of tax liabilities to the tax authority.

For example, through a pay as you earn system of payroll taxes.

3. Credit control - accounts receivable.

To obtain payment from a customer.

For example, under invoice discounting, the supplier will normally collect the invoice.

4. Credit control - other claims.

To obtain payment in respect of any claim.

For example, a first lien places the lien holder first in line to collect payment from the sale of the collateral in the event of a default on the debt.

5. Organisation.

To assemble and organise information - or anything else - in a systematic way.

See also