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What needs to happen in account receivable when a customer pays their account?
Wiki User
∙ 9y ago
When a customer pays their account, the account receivable department needs to put the amount of the payment into the computer. A receipt should also be sent to the customer.
Wiki User
∙ 9y ago
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What needs to happen when the customer pays on the account?
When a customer pays on an account it needs to be documented immediately and if paying in person a receipt of payments needs to be given to the person who is paying.
What needs to happen in accounts receivables when a customer pays their account?
debit revenue and credit receibables
Why is aging of accounts receivable helpful in the collections of the accounts receivable?
Aging accounts receivable helps determine which customers owe you and for how long, which makes it easier to determine whether a customer needs just a simple reminder or needs their account to be written off as bad debt. In doing so, you can effectively determine who to be wary of lending to and who you can trust to repay you in an orderly fashion...
How much time needs to pass for an Accounts Receivable account to be considered delinquent?
The time on an accounts receivable account depends on the bill sent. Most of the time it will be 30 days.
When an account is paid in full what entry needs to be recorded in the journal?
debit cash bankcredit accounts receivable
What needs to happen when a customer pays there account?
issue a receipt
What needs to happen when the customer pays on the account?
When a customer pays on an account it needs to be documented immediately and if paying in person a receipt of payments needs to be given to the person who is paying.
What needs to happen when a customer pays their account in account receivables?
debit revenue and credit receibables
What needs to happen when recording a saleon account to journal entry?
[Debit] Accounts receivable xxxx [Credit] Sales revenue xxxx
What needs to happen in accounts receivables when a customer pays their account?
debit revenue and credit receibables
Why is aging of accounts receivable helpful in the collections of the accounts receivable?
Aging accounts receivable helps determine which customers owe you and for how long, which makes it easier to determine whether a customer needs just a simple reminder or needs their account to be written off as bad debt. In doing so, you can effectively determine who to be wary of lending to and who you can trust to repay you in an orderly fashion...
How much time needs to pass for an Accounts Receivable account to be considered delinquent?
The time on an accounts receivable account depends on the bill sent. Most of the time it will be 30 days.
How much time needs to pass for an account receivable accounts to be considered delinquent?
The time on an accounts receivable account depends on the bill sent. Most of the time it will be 30 days.
How much time needs to pass for accounts receivable account to be considered delinquent?
The time on an accounts receivable account depends on the bill sent. Most of the time it will be 30 days.
How much time needs to pass for an Accounts receivable to be considered delinquent?
The time on an accounts receivable account depends on the bill sent. Most of the time it will be 30 days.
When an account is paid in full what entry needs to be recorded in the journal?
debit cash bankcredit accounts receivable
How much time needs to pass for an Account receivable account to be considered delinquent?
The terms of the invoice will determine the amount of time that it takes for an account receivable to be considered delinquent. Often many organizations have terms that require payment within 30 days. It would become delinquent the day after it is due.
