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A/R Department

oboloo Glossary

A/R Department

The A/R Department is responsible for managing the accounts receivable activities of a business. This includes the collection and evaluation of customer payments, the prevention of bad debt, and the maintenance of accurate records related to payments. It is an integral part of any organization’s financial team and helps to ensure that cash flow is maintained in a timely fashion. With its focus on maintaining liquidity and healthy relationships with customers, an efficient A/R department can be essential for a company’s sustainability and profitability.

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