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Managing client monies is an essential part of any insolvency practice, no matter how big or small the client base might be. If you are just starting out, it can be easy to assume that what's involved is minimal and consumes very little time. If you are a small to medium business, you may already have realised the efforts required to ensure your client account is kept up-to-date and free from any snags that cause you to lose valuable time in your day - time of which you could be using to help grow your business instead.

Of course, you might not yet be near the stage where you need a full-time Insolvency Cashier, and instead require someone to do just a few hours to a couple of days a week to keep things running the way they should, taking responsibility of tasks such as:

• Processing receipts and payments

• Billing fees and disbursements through your CRM

• Reconciliations of accounts

• Creditor dividend distributions & returned creditor payments

• Logging and sending cheques

• Refunds/reallocations of client money

• Managing Suspense Account(s)

These duties are to name but a few, and an experienced Insolvency Cashier who can not only handle the above with diligence and care, but can identify and implement any processes that will compliment these functions, could help drive your business forward.