Accounts Receivable Policy

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Top Accounts Receivable Procedures and Standards

This Accounts Receivable Policy establishes procedures to ensure consistency in a company’s accounting treatment of receivables. It also includes guidelines focused on how and when to reserve a receivable, write off a receivable and recover a receivable.

Under this policy, accounting is responsible for maintaining accurate records within the accounts receivable function and ensure that proper internal controls are maintained. The company’s philosophy of receivable management is predicated on the presumption that the overall credit quality of the company’s customer base is good, and the likelihood of bad debts is minimal.

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