accounts receivable process in powerpoint
TRANSCRIPT
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Accounts Receivable Process
START New Project / Signed Contract
More Processes Available at The Process Shop.www.EQBsystems.com/smallbusinessprocesses.html
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SAMPLE
Collect 50% deposit in the form of check or credit card
Deposit check into banking account or Process Credit Card
Did Check Bounce or Credit Card Declined?
YES NO
If check, discontinue design work to seek alternative means of payment.
If credit card, call client and attempt to collect new or correct info.
Do design work. Submit invoice for final 50% payment.
Are you now able to collect the payment?
YES NO
Discontinue work.
Did client pay within the 30 day period?
YES NO
Production involved?
Proceed to COLLECTIONS.
YES NO
Send quote with markup to client.
Did client pay upfront?
YES NODo not continue until client pays.
Deposit or Process Payment.
END
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