How often should debts be reviewed in GFEBS?

In GFEBS (General Fund Enterprise Business System), debts should be reviewed periodically as prescribed by internal guidelines and regulations. This approach ensures that the organization maintains a consistent and proactive strategy for managing debts rather than adhering to a rigid timeframe such as annually or monthly. Periodic reviews allow for adjustments based on the current financial environment and internal circumstances, enabling the organization to stay compliant and effectively manage its financial obligations.

This method also helps in identifying any discrepancies, reassessing risks, and ensuring that data remains accurate and relevant over time. By following internal guidelines, organizations can tailor their review processes to best fit their operational needs and resource availability, making the debt management more efficient and responsive.