Why is it important to collect accounts receivable as soon a

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• Proposal for appropriate controls to cover the account receivable

  Deposits: Collections should also be recorded in an established accounts receivable system and deposited as soon as possible.

• Cash Management for Companies

  146127 Cash Management for Companies Companies today attempt to maximize their cash on hand by paying bills at the latest possible time while trying to collect their accounts receivable as soon as possible.

• Credit Policy, Monitoring Accounting, and Collection Policy

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• Most important to be managed: cash, receivables, inventory

  Inventory is often next in liquidity in that it takes time to sell it and then collect the accounts receivable. Back to my two reasons to manage the most liquid assets the most: 1. Liquid assets are what allow a business to expand.

• Working with Receivables

  As the net Accounts Receivable is $54,600, then the company can expect to collect $54,600 from the customers.

• Which is true when accounts receivable are factored

  Comparing this to factoring with recourse means that if the factor cannot collect the receivables within a reasonable time period, then the company must buy back the receivable it sold to the factor at full price. This statement is generally true.

• Types of collection remedies

  It is measured by its toughness or laxity in attempting to collect on slow paying accounts. The collection remedies refer to the procedures the firm follows to collect past due accounts.