- Credit checking for new accounts
- Set up credit limit and payment term
- Define payment term vs contract
- Follow up payment and recording all feedbacks
- Collection payment and reconcile payment
- Sort out disputes/enquiries
- Decide on repayment plan in case customer is shortage of payment
- Identify debts to be written off and propose to management
Account Receivables Management refers to the set of policies, procedures, and practices employed by a company with respect to managing sales offered on credit. It encompasses the evaluation of client credit worthiness and risk, establishing sales terms and credit policies, and designing an appropriate receivables collection process.