oboloo Glossary

Accounts Receivable Process

oboloo Glossary

Accounts Receivable Process

Accounts Receivable Process is the systematic practice of tracking customer payments that are due to a business. This process requires accurate and up-to-date records, as well as efficient procedures for sending invoices, collecting payments, and managing any customer disputes. A smooth accounts receivable process helps businesses to protect their financial interests and maintain customer relationships. It’s a crucial component for success in today’s modern business world.