Reporting and Operations
Receivables
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Originally Posted: December 1, 2009
Size of Organization:
Medium
- Compare all check logs for cash receipts to the amounts applied to receivables. This will be done by an individual separate from those processing cash receipts and accounts receivable.
- Require the operational staff to approve all non-cash credits to receivables and bad debt expense.
- Send monthly statements and follow up on past due balances.