To analyze the current accounts receivable aging process in the company.
To identify any trends or patterns in the aging of accounts receivable.
To evaluate the effectiveness of current collection strategies.
To recommend improvements to the accounts receivable aging and collection processes.
Collect and analyze accounts receivable data from the past year.
Create an aging report to track the distribution of outstanding accounts by time periods.
Identify any accounts that are consistently overdue and investigate reasons for non-payment.
Review current collection policies and procedures.
Compare collection results to industry benchmarks.
Make recommendations for improving collection strategies and reducing aging of accounts receivable.
