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What are the most important goals of accounts receivable?

Open uri20170510 32134 7ezpi6?1494421819 jaggu asked almost 3 years ago

Hi I am CA student. May I know, What are the most important goals of accounts receivable?

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5 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 acharya answered over 2 years ago

Hi, Providing an accurate picture of what is happening financially within the company at any one time by keeping a record of billing information of customers. Keeping a record of any percentage discount arrangements for large or regular customers to make sure the customer receives the agreed discounts.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 veeru answered over 2 years ago

--Keeping a record of money that is owed to the business by the clients or customers. --Keeping an accurate record of the money received from clients or customers for goods or services received. --Providing an accurate picture of what is happening financially within the company at any one time by keeping a record of billing information of customers. --Keeping a record of any percentage discount arrangements for large or regular customers to make sure the customer receives the agreed discounts.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 CA Sandeep Bohra answered over 2 years ago

> What are the most important goals of accounts receivable? --The goals of Accounts Receivable departments --Keeping a record of money that is owed to the business by the clients or customers. --Keeping an accurate record of the money received from clients or customers for goods or services received. --Providing an accurate picture of what is happening financially within the company at any one time by keeping a record of billing information of customers. --Keeping a record of any percentage discount arrangements for large or regular customers to make sure the customer receives the agreed discounts. --Standardizing the look of the company invoice, what information is included and how the information is organized.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 veeru answered almost 3 years ago

Keeping a record of money that is owed to the business by the clients or customers. Keeping an accurate record of the money received from clients or customers for goods or services received. Providing an accurate picture of what is happening financially within the company at any one time by keeping a record of billing information of customers.

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Open uri20170510 32134 1uwcnoc?1494421631 Shubhangi Jain answered almost 3 years ago

The goals, or purposes, of Accounts Receivable departments ---------------------------------------------------------- - Keeping a record of money that is owed to the business by the clients or customers. - Keeping an accurate record of the money received from clients or customers for goods or services received. - Providing an accurate picture of what is happening financially within the company at any one time by keeping a record of billing information of customers. - Keeping a record of any percentage discount arrangements for large or regular customers to make sure the customer receives the agreed discounts. - Standardizing the look of the company invoice, what information is included and how the information is organized.

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