Accounts Receivable Policy Sample. If you have been given the task of preparing a general accounts receivable policy document, you can take the help of the provided pdf sample for accessing a detailed guide for the purpose. Policy The University will follow U.
According to this sample, all expenditures resulting in employee receivables, with the exception of routine purchases (e.g., safety shoes, glasses, postage) must be approved by the employee's.
Helps with proper revenue classification and accounting for it.
If you want to extend credit to a new customer you could get them to open an account. Here, we will focus on accounts receivable procedures such as:-What's involved in extending credit to a customer; A method to help you maintain the sales invoices waiting for payment; Issuing month end statements; Extending Credit. Remember not everyone has an accounting background, so a review of the concepts and an overview of your people and software is the place to begin your manual.