Accounts Receivable
Hitesh Desai
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| Structural Design/Setup | | | | | |
| Design, Test, Formalize and Document all AR workflows | Y | | Y | | |
| Review/Verify, Adjust/Create & document SOPs for all AR activities | Y | | Y | Y | |
| Analyze, Test & Recommend internal controls/checks & balances | Y | | Y | Y | Y |
| Review & recommend/create an AR Checklist - W/M/Q/Y | | Y | Y | Y | Y |
| Verify Customer data is complete & updated | | | Y | Y | Y |
| Review customer contracts - invoicing, collections, life, past dues | | | Y | | Y |
| Review/Cleanup old Customer list, inactivate Customers no longer used | | | Y | | Y |
| Review AR Terms - collections, payments & methods? | Y | | Y | Y | Y |
| Is the AR Turnover Ratio high/low? | | Y | Y | | |
| AR Automation - AR data being imported and/or digitized for efficiency & accuracy? | Y | | Y | Y | |
| Are there any 3rd party services 'connected' to AR module? | Y | | Y | Y | Y |
| Is CC/Delivery/GC/EBT transactions imported or manually entered from Merchant website? | | | Y | Y | |
| Review 1 Yr. of AR ledger w/Staff - timing of invoicing & collections, payments, past dues etc. | | Y | Y | | Y |
| Recordkeeping process of Customer invoices/statements, payment records, adjustments | Y | | Y | Y | Y |
| Is the document retention process being followed? | | | Y | Y | |
| Design & implement metrics to measure trends & catch inefficiencies. | | Y | Y | | |
| Train, coach, counsel, mentor, manage Accounting Lead | Y | Y | Y | Y | |
| Procedural Design/Setup | | | | | |
| Review/enter/generate/invoice for Customers | | | | | Y |
| Review/enter/reconcile Sales Receivable Reimbursement - CC, Gift Cards, Delivery, EBTs, Coupons | | | | | Y |
| Review/enter/reconcile Cash Receipts, Bank Deposits, Cash On Hand, Undeposited Funds | | | | | Y |
| Review AR Aging - collection are on time? | | Y | Y | Y | Y |
| Does AR Aging Balance match TB AR Balance? | | Y | Y | Y | Y |
| Reconcile Past Due balances & Customer Statements | | | | Y | Y |
| Recordkeeping of Customer invoices/statements, payment records, adjustments | | | | | Y |
| Review Internal Controls - open/invoices, collections, bank deposits, | | | Y | Y | Y |
| Review collections, bank deposits & reconciliations | | | Y | Y | Y |