What Are the Best Tips for Collecting Accounts Receivable?

Accounts receivable assets are one of the tangible assets in the company's balance sheet. But unless there is a serious problem, the management of these multi-million dollar (sometimes billions of dollars) assets has received little attention from senior management. The author John is a senior financial expert who has worked for more than 100 companies in many industries for 16 years and has achieved well-known achievements in accounts receivable management. "Accounts Receivable Management Practices" introduced his account receivables management practices formed, refined and improved in the course of his work. "Receivables Management Practices" is written for all persons who are directly or indirectly responsible for the management of receivables assets. Direct managers such as customer financial service supervisors, collection managers and credit managers; indirect managers such as heads of other relevant departments, financial directors and chief financial officers. ^[1]

Accounts Receivable Management Best Practices

John G. Salek is a national leader in receivables management practices at Palin. Palin Consulting is a large international consulting firm with branches in the United Kingdom and the United States. Celec is a senior financial expert who has achieved outstanding results in the fields of order and contract processing, billing, dispute management, credit control, account collection and cash write-off. ^[1]

Chapter 1 Introduction 1.1 Important reasons for accounts receivable management 1.2 If accounts receivables are easy to manage, everyone can manage them (well) 1.3 Impacts beyond the control of accounts receivable managers Factor 1.4 Conflicting Objectives Chapter 2 Previous Operation Activities of Accounts Receivable 2.1 Quotation 2.2 Contract Management 2.3 Pricing Management 2.4 Credit Control 2.5 Order Processing 2.6 Invoicing Chapter 3 Accounts Receivable Asset Management 3.1 Introduction 3.2 Combination Strategy 3.3 Collection Payment process 3.4 Special collection efforts 3.5 Discount processing 3.6 Overdue payment fees and prompt payment discounts 3.7 Dispute management 3.8 Account maintenance 3.9 Payment processing Chapter 4 Technology 4.1 Overview 4.2 Accounts receivable application software 4.3 Best practices 4.4 Costs and benefits 4.5 Key points Chapter 5 Organizational Structure 5.1 Overview 5.2 Best Practices 5.3 Key Points Chapter 6 Metrics, Reports, and Incentives 6.1 Overview 6.2 "The Vicious Cycle Caused by Reports"
6.3 Best practices 6.4 Incentives ...
Chapter 7 Merger Integration and Implementation of Enterprise Resource Planning (ERP) Software Chapter 8 Functional Outsourcing Chapter 9 Thematic Appendix Receivables Management Success Case Index ^[1]