This sample policy outlines procedures for billing and cash receipt transactions related to product sales and services. Accounting is responsible for maintaining accurate records within the accounts receivable function and ensuring that proper internal controls are maintained.
The purpose of this document is to outline procedures for preparing and processing accounts receivable records. This procedure applies to billing and cash receipt transactions related to product sales and services. The objective is to review the organization’s policies and procedures related to interest rate risk and asset and liability management, including liquidity, derivatives and swaps.