Beginner Accounts Receivable

by Kendra Quarles
(Russellville, ky US)

Accounts Receivable

Accounts Receivable

Hello Stephanie,


I am going in for an interview for Accounts Receivable position and I am very nervous because this is dealing with the companies money.

I just graduated from college with an Office Systems Technology Degree. I passed my class in Accounting but I was no expert at it. My advisor tried to help me find a job in Accounting but that wasn't something I was interested in.

How do I do Accounts Receivable in a factory setting?

Comments for Beginner Accounts Receivable

Average Rating starstarstarstarstar

Click here to add your own comments

Dec 03, 2017
Rating
starstarstarstarstar
Factory Accounts Receivable
by: Stephanie

Thank you for your question regarding doing Accounts Receivable in a factory setting.

The A/R process is basically the same no matter what industry or setting you are in. The daily/weekly/monthly workflow process is:

- Customer Makes A Purchase
- Customer Invoice is Created
- Print and Send Customer Invoice
- Assess Finance Charge if Late
- Send Finance Charge Invoice if Applicable
- Print Statements for multiple invoices
- Receive and Apply Payments to invoices
- Apply Early Payment Discount if Paid Early
- Record Deposit
- Print A/R Aging Report
- Write Off Uncollectible Invoices
- Print A/R Reports

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Accounts Receivable Questions.


Please subscribe to my monthly newsletter, Bookkeeping Basics E-zine. It tells you every month about the new information that I have added, including some great tips and advice from myself and other Bookkeeping Basics readers.

Enter Your E-mail Address
Enter Your First Name (optional)
Then

Don't worry — your e-mail address is totally secure.
I promise to use it only to send you Bookkeeping Basics E-Zine.

Like Bookkeeping-Basics.net?