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

END