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Get Collections, Contributions, And Accounts Receivable Policies
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How to fill out the Collections, Contributions, And Accounts Receivable Policies online
This guide provides a comprehensive, step-by-step approach to filling out the Collections, Contributions, and Accounts Receivable Policies form online. It is designed to be user-friendly and accessible, ensuring that all users, regardless of their legal expertise, can navigate the process effectively.
Follow the steps to complete your form accurately.
- Click the ‘Get Form’ button to access the Collections, Contributions, And Accounts Receivable Policies form and open it in your online document management system.
- Carefully read the general information section provided in the form, which outlines the responsibilities related to collections and the importance of following established procedures for security and accuracy.
- In the sections concerning money collection, ensure you detail the daily collection procedures, highlighting that all money must be documented and securely deposited.
- Proceed to complete the E-Collection Report - CR05 section by preparing to identify the source of the funds and including necessary supporting documentation, such as scanned receipts.
- Ensure that you adhere to the requirement that the same person should not manage cash handling and keep financial records to minimize risk of impropriety.
- If applicable, address any guidelines concerning theft or burglary as outlined, ensuring to follow the correct steps should such an event occur.
- For contributions and donations, make certain that you have prior approval from the Office of Development before soliciting any gifts, providing necessary documentation and details regarding the proposed contributions.
- Complete any sections or fields pertaining to accounts receivable, following the specified instructions for establishing and documenting these accounts.
- Review all completed sections thoroughly to ensure all entries are accurate and comply with the guidelines outlined in the policies.
- Finally, save your changes, download or print a copy for your records, and share the completed form as required.
Complete your collections, contributions, and accounts receivable forms online today to ensure compliance and accurate record-keeping.
The average collection period for accounts receivable is 30 days, and payments are considered severely delinquent when they're more than 90 days past due. When the payment hits the 120-day mark or is deemed uncollectable, the account may be sent to a 3rd party collections agency (or debt collector).
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