If a person is working in the sales department and has accounts receivable pending from vendors, can a company hold someone's full and final amount for the outstanding sales amount?
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From India, Mumbai
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This is the corrected version with spelling, grammar, and paragraph formatting errors fixed.
From India, Mumbai
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Yes its depend on company, if you were not cleared your no-dues and from your previous company after submitting your resignation.
From India, Jaipur
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From India, Jaipur
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Yes, it is the responsibility of any sales personnel in any company to realize the amount due (i.e., collection of outstanding payments from customers) for the sales they have made. Only after receiving the full collection can it be accurately stated that the personnel has successfully met their sales target.
From India, Aizawl
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From India, Aizawl
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It is purely up to the management of the company whether to release the FnF. The sales personnel have diligently performed their duties in some scenarios, although a few companies may not have paid for the goods/services rendered. I believe the sales personnel should not be penalized in such cases. The payment may have been held/unpaid due to various reasons, which only the receiver can explain why they have not paid or have kept the payment on hold. Perhaps the goods/services received do not meet the specifications or are of inferior quality. In such instances of non-payment, sales personnel should not be penalized, in my opinion.
From India, Ahmadabad
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From India, Ahmadabad
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I would endorse the view of Saji for the simple reason that sales and collection of dues are part of the 'ongoing process.' Realization of dues can take place even without the intervention of sales personnel or account managers. Supposing the 'payments are due after 90 days' of invoice or actual supply installation or commissioning of the equipment supplied. How can we hold the sales personnel responsible, and why should they be detained after resignation beyond the notice period is served?
What can only be reasonable in such a situation is to ask the exiting person to follow up vigorously to see the dues, to the extent possible, collected before his last working day and let him/her do the follow-up full time during the notice period. Withholding the full and final settlement is unfair and can only be considered as victimization.
From India, Bangalore
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What can only be reasonable in such a situation is to ask the exiting person to follow up vigorously to see the dues, to the extent possible, collected before his last working day and let him/her do the follow-up full time during the notice period. Withholding the full and final settlement is unfair and can only be considered as victimization.
From India, Bangalore
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Full n final settlement.doc