A practical AS LEGATT guide for Serbian businesses, with clear responsibilities, controls, documentation requirements and risk-prevention steps. This guide explains how to organise responsibilities, documentation and internal controls so that compliance supports, rather than interrupts, day-to-day operations.
Profit is not cash
A profitable company can still face liquidity problems when receivables are slow, stock is excessive or tax payments are not planned.
A practical procedure should specify who prepares the data, who reviews it, who authorises the final action and where evidence is stored. Internal deadlines should be earlier than statutory deadlines, and exceptions should be documented rather than handled informally.
- Assign a responsible person and a backup.
- Use a short control checklist before submission or payment.
- Reconcile records with an independent source.
- Keep proof of approval, submission and payment.
Rolling forecast
Maintain a weekly or monthly forecast of expected receipts, payments and tax liabilities.
A practical procedure should specify who prepares the data, who reviews it, who authorises the final action and where evidence is stored. Internal deadlines should be earlier than statutory deadlines, and exceptions should be documented rather than handled informally.
- Assign a responsible person and a backup.
- Use a short control checklist before submission or payment.
- Reconcile records with an independent source.
- Keep proof of approval, submission and payment.
Receivables discipline
Monitor ageing, credit limits and collection actions instead of relying only on total revenue.
A practical procedure should specify who prepares the data, who reviews it, who authorises the final action and where evidence is stored. Internal deadlines should be earlier than statutory deadlines, and exceptions should be documented rather than handled informally.
- Assign a responsible person and a backup.
- Use a short control checklist before submission or payment.
- Reconcile records with an independent source.
- Keep proof of approval, submission and payment.
Payment priorities
Separate essential obligations, growth investments and discretionary spending.
A practical procedure should specify who prepares the data, who reviews it, who authorises the final action and where evidence is stored. Internal deadlines should be earlier than statutory deadlines, and exceptions should be documented rather than handled informally.
- Assign a responsible person and a backup.
- Use a short control checklist before submission or payment.
- Reconcile records with an independent source.
- Keep proof of approval, submission and payment.
Scenario planning
Prepare a base, cautious and growth scenario before major commitments.
A practical procedure should specify who prepares the data, who reviews it, who authorises the final action and where evidence is stored. Internal deadlines should be earlier than statutory deadlines, and exceptions should be documented rather than handled informally.
- Assign a responsible person and a backup.
- Use a short control checklist before submission or payment.
- Reconcile records with an independent source.
- Keep proof of approval, submission and payment.
Management indicators
Track operating cash flow, collection days, payment days and the minimum cash buffer.
A practical procedure should specify who prepares the data, who reviews it, who authorises the final action and where evidence is stored. Internal deadlines should be earlier than statutory deadlines, and exceptions should be documented rather than handled informally.
- Assign a responsible person and a backup.
- Use a short control checklist before submission or payment.
- Reconcile records with an independent source.
- Keep proof of approval, submission and payment.
How AS LEGATT can help
AS LEGATT helps clients connect accounting, tax, administration and internal processes into one transparent system. Support is adapted to the company’s size, activity and existing way of working—from a review of a specific issue to implementation of procedures and recurring controls.