Accounts receivable jobs involve making contact with customers regarding their outstanding invoices to ensure that they make their payments within the companies terms of payment.
When a business extends a line of credit to their customers they begin to carry what is called credit risk – the risk that the credit extended may not be paid. Non payment is the worst case scenario.
For most medium sized business the goal for their accounts receivable staff is to ensure that the customer doesn’t take too long to pay. The faster a customer pays the better the cashflow for the business.
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