12+ Accounts Receivable Cycle Flowchart. This strategy will streamline your accounts receivable process flow. A flowchart is widely used in representing logic sequence, work or process, etc.
Accounts receivable is the balance of money due to a firm for goods or services delivered or used but not yet paid for by customers. Includes system set up through payment processing as well as features for proactive cash management and reporting. The money has to arrive to cover the amounts owed and get correctly processed.
Accounts receivable are the amount of money owed by the customers for goods or services bought by them on credit.
12+ Accounts Receivable Cycle Flowchart. Why is accounts receivable important? This owed money mostly comes from goods and services that you've sold to your customers. Accounts receivable forecasting is one of the most important, and the most challenging, elements of a cash flow forecasting process for head office finance and treasury teams. This strategy will streamline your accounts receivable process flow.