Question: We are doing an evaluation of our accounts receivable process. Our company is three years old, and we are expanding. We are looking for another office employee, and one of their primary responsibilities will be accounts receivable. What are the key components of a billing and collections process? Please share any tips that you have discovered through the years.
Answer: Accounts receivable is one of the cornerstones of any prosperous business. A successful collections process begins with a strong billing process. Both of these systems have many similarities to those of running a service route. For example:The major components —
