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  • Collection Processes

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    muhammad_alsaleem5884
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    The document outlines an accounts receivable collection process that begins with the finance department preparing a withdrawal plan after sending three warning letters to customers with overdue accounts. If customers do not pay after the third letter, the finance department assesses and approves the withdrawal plan financially before notifying operations and legal to start the withdrawal process and potentially a lawsuit. The process ends after withdrawing services for unpaid customers.

    Original Description:

    collection process for manpower company in saudi

    Original Title

    Collection processes

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    The document outlines an accounts receivable collection process that begins with the finance department preparing a withdrawal plan after sending three warning letters to customers with overdue accounts. If customers do not pay after the third letter, the finance department assesses and approves the withdrawal plan financially before notifying operations and legal to start the withdrawal process and potentially a lawsuit. The process ends after withdrawing services for unpaid customers.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    7 views1 page

    Collection Processes

    Uploaded by

    muhammad_alsaleem5884
    The document outlines an accounts receivable collection process that begins with the finance department preparing a withdrawal plan after sending three warning letters to customers with overdue accounts. If customers do not pay after the third letter, the finance department assesses and approves the withdrawal plan financially before notifying operations and legal to start the withdrawal process and potentially a lawsuit. The process ends after withdrawing services for unpaid customers.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    Collection Process

    Legal Office

    Finance Department

    Operations
    Department

    CEO Office

    Start

    Prepare Withdral
    Plan

    Send 1st warning


    letter
    Prepare and
    approve a list of
    overdue account
    Customer Paid
    Yes

    Send to legal
    Office

    No

    Send 2nd warning


    letter

    Customer Paid

    Yes

    No

    No
    Asses the
    withdrawal plan
    financially

    Review and
    approve the plan

    Send 3rd warning


    letter

    Customer Paid
    Yes
    Cancel All
    services/Terminate
    Contract

    No
    No

    Prepare Case File


    And start Lawsuit

    Start withdrawal
    process

    Notify Operations
    and legal Office

    End

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