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?

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Dec 03, 2017
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

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