Accounts receivable cycle flowchart is a visual representation of the steps taken when dealing with customer credit and collections. It’s a valuable tool that helps organizations streamline their accounts receivables processes, ensuring they get paid on time while minimizing the risk of bad debt. The flowchart starts by entering customer data into the system, then moves onto invoice verification, payment posting, collection calls, follow-up letters and finally, debt recovery. With an effective accounts receivable cycle flowchart in place, companies can be sure that every step is being taken to ensure prompt payment from customers and secure their profits.