Accounts Receivable Policy: Cash Receipts

This sample policy is designed to help companies correctly deal with and record cash receipts. 

In this policy, bank lockbox deposits are delivered via courier to company accounts receivable (AR) at scheduled times Monday through Friday on bank business days. The delivery includes wire payments, which are considered their own deposits. A few wire remits are submitted to the company via other means such as email. The bank duplicates this process with their own remits on most wires. Each deposit is applied as a separate cash batch to simplify balancing.