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Accounts Receivable Management Checklist for a More Profitable Year-End

Accounts Receivable Management Checklist for a More Profitable Year-End

Chardon, Ohio, November 18, 2014

Today, e2b teknologies, publishers of Anytime Collect accounts receivable management software, announced the availability of a new accounts receivable fiscal year-end checklist. The checklist serves as a resource for businesses to help them optimize the accounts receivable process for a faster and more profitable year-end close.

“Fiscal year-end is a hectic time in any accounting department, and collecting accounts receivable is usually among one of the most stressful and frustrating parts of closing the books,” said Adam Lynch, Anytime Collect Sales Manager at e2b teknologies. “The goal is to pull in the most revenue possible from outstanding invoices before the books are shut for the year, and that’s no easy task. Having a standardized process and step-by-step guide such as the one we’ve developed ensures nothing critical is missed and no money is being left on the table.”

Built on proven accounts receivable best practices, this checklist serves as an excellent resource for accounts receivable collectors, accountants, corporate controllers, and virtually any other professional who plays a role in the invoice collection process. The 28-point check-list helps companies prepare themselves for fiscal year-end activities such as:

  • Establishing and organizing schedules (includes sample schedules for a more profitable year-end).
  • Fine tuning customer and supplier information.
  • Ensuring your company’s accruals are correct.
  • Assigning year-end tasks to the right team member or department.
  • Completing AR account reconciliations.
  • Planning for the year ahead.
  • And much more

The document also provides access to additional resources to help companies improve the effectiveness of their credit and collection policy, reduce invoice disputes, optimize their accounts receivable collection staff, send more effective accounts receivable communications, and more.

 

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