Potential trouble in finances

Some of the potential troubles in finance are as follows:

• Invoices not issued on goods already shipped.

• Past due accounts receivable items.

• Customers whose current balance exceeds their credit limit.

• Sales returns that have no credit memo.

• Past due accounts payable items.

• Accounts payable invoices that are on hold.

• Returned purchases that have no debit memo.

• Jobs in process that have cost overruns.

• Jobs in process where the cost exceeds the selling price.

• Work-in-process value of jobs that are on hold.

• Expenses that exceed the budget for the current period by general ledger account.

• Unconfirmed invoices.