Accounts Receivable Collections

Accounts receivable collections involve the process of managing and recovering outstanding payments owed to a business from its customers or clients. It includes activities such as sending reminders, following up on overdue invoices, negotiating payment terms, and resolving disputes to ensure timely receipt of funds. Effective accounts receivable collections help maintain healthy cash flow, reduce bad debts, and strengthen relationships with customers by balancing the need for payment with customer satisfaction and retention strategies.