Accounts Receivable department undertakes the following functions:
1. Issue invoice for goods/services rendered.
2. Record the invoices to the respective debtor's account.
3. Compare invoices with the POs(Purchase orders)/Delivery Challans.
4. Issue Debit Note or Credit against any discrepancy.
5. Manage and ensure timely collection of payment against invoices based on credit limits.
6. Prepare outstanding accounts for debtors for long-due payments.
7. Record payments received from debtors.
8. Reconcile debtor's accounts weekly, biweekly, fortnightly, or monthly.
9. Prepares Aging Reports.