“Receivables Management” is a term we use to denote everything that you need to do in the system
to follow-up with customers and to collect on open receivables.
Receivables Setup & Overview
1. Be clear with customers and also employees as to your policies and proceduresregarding receivables management. Terms. Statements. Emails. When arecustomers put on hold etc.? All should be consistent from employee to employeeand (maybe) across customers.
2. It’s a good idea to get reports specifically for month end.