Accounts & Credit Control

Both these departments are revered and respected because it is the Vitamin “M” that we all need to sustain and flourish!

The Accounts department is primarily responsible for :-

  1. Reconciliation of Bank Statement
  2. Debtors and Creditors accounts and matching off Receipts and Payments
  3. Timely payment of statutory dues.
  4. Timely payment of all expenses / creditors / suppliers.
  5. Opening of Letters Of Credit, if required.
  6. Petty Cash Disbursements and Accounts

To achieve all of the above, it is imperative that Moloobhoys manage its debtors efficiently, and Moloobhoys now has a Credit Control department which monitors all outstandings.

If, inspite of several reminders; payment from a customer is not forthcoming, the Credit Controller, issues a “FREEZE” notice for that particular customer account. When a FREEZE" is adopted for a customer account, all Moloobhoys departments stop supplies and service to the defaulter until the necessary dues are collected.

“A sale is not a sale unless it results in money in the bank!!”