Accounts Receivable Management

Accounts receivable management involves overseeing the money a company is owed by customers for goods or services provided on credit. It includes tracking outstanding invoices, ensuring timely payments, and following up on overdue accounts. Effective management helps maintain healthy cash flow, reduces the risk of bad debt, and improves the company’s financial stability. It often involves establishing clear credit policies, accurate record-keeping, and proactive communication with customers to encourage prompt payments while balancing good customer relationships.