Accounts receivable department components

What are the components or materials used by Accounts receivable departments?

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ch.v.rama krishna rao, chirala

  • Nov 8th, 2007

Receivable department is very important department of the company. The responsbilities of the department is approval of credit limit to the customer, study the past history of customer credit, sending invoices to the customer, updation of the customer credit data, factoring contacts with the factoring agents, follow up of customers, motivating the customers to pay the dues intime, and communicating the information to the managemnt. Credit sales data estimation of credit sales for the future period request for funds to finance department whenever they required follow up of customers receivables management.

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