Your checklists (
0
)
AI Checklist Generator
From the makers of
Manifestly Checklists
Sign in
Email address
Email me a magic link
Home
> Accounts Receivables
Accounts Receivables
1. Invoice Generation
Ensure accurate billing information is captured.
Verify that services/products delivered match the invoice.
Double-check pricing and terms of sale.
Send invoices promptly after delivery of goods/services.
2. Payment Terms and Conditions
Clearly define payment terms on each invoice.
Specify acceptable payment methods.
Communicate any penalties for late payments.
3. Customer Communication
Send payment reminders before the due date.
Follow up with customers after invoices are sent.
Maintain open lines of communication for any disputes or questions.
4. Payment Processing
Record payments received in the accounting system.
Apply payments to the correct invoices promptly.
Reconcile bank statements to ensure all payments are accounted for.
5. Collections Management
Monitor overdue accounts regularly.
Establish a collections strategy for past-due accounts.
Send collection letters and escalate to third-party collections if necessary.
6. Reporting and Analysis
Generate accounts receivable aging reports.
Analyze trends in payment behavior and delinquency.
Review and adjust credit policies based on data analysis.
7. Compliance and Documentation
Maintain records of all invoices and payments.
Ensure compliance with relevant financial regulations.
Regularly audit accounts receivable processes for accuracy and efficiency.
Download CSV
Download JSON
Download Markdown
Use in Manifestly
Use in Manifestly