Account Receivables Management

Account Receivables Management refers to the process a business uses to track and collect money owed by customers for products or services sold on credit. It involves creating invoices, setting payment terms, and following up on overdue accounts. Effective management helps ensure timely payments, maintains cash flow, and minimizes losses from unpaid bills. Businesses aim to balance maintaining good customer relationships with the need to collect funds promptly. This process is vital for a company’s financial health, as it directly impacts available cash for operations and growth.