Accounts Receivable Control Procedures Assignment Help

Get Expert Help on Accounts Receivable Control Procedures at 24x7assignmenthelp.com   

What is Accounts Receivable Control Account?

Account Receivable Control Account or Sales ledger control account is maintained in the general ledger used to record transactions relating to Accounts Receivable. Balances reflects the amount outstanding and due to the business by customers during credit sales. To control such Account reconciliation can be done between control accounts and total of individual customer accounts (personal accounts) in the subsidiary ledger.

Key controls to consider-

  • Ensure credit rating of a customer before selling goods in credit.
  • Verify contract terms before generating an invoice.
  • Proofread invoices.
  • Authorize credit memos.
  • Restrict access to billing software to avoid theft.
  • Assign the task of handling incoming payments from customers to different people.
  • Review the journal entries of accounts receivable.
  • After completion, invoices should be filed to get verified by internal audit staff if needed.
  • Compare billings with shipping log.
  • Audit the application of cash receipts.

We focus on every details of each topic and ensure 24*7 online help for the students who are looking for the best online Accounts Receivable Control Procedures assignment help. If you have any query regarding your homework, you can contact us for Accounts Receivable Control Procedures homework help.

 

Accounts Receivables Control Procedures includes-

  1. Receivable accounts and subsidiary ledgers should be maintained separately.
  2. Subsidiary ledgers should be created when necessary.
  3. All charges, adjustments and collections related to each quarter should be recorded at the end of every three months.
  4. Adjustments should be made in case there is a bad debt.
  5. Due accounts should be reviewed and efforts should be made to collect.
  6. Periodic review of billing and collection transaction should be made.
  7. Reserve for doubtful debts must be created.
  8. Bills should be issued in a timely manner.

Students face problems in understanding such procedures. We extend helping hand to all the students who want Accounts Receivable Control Procedures assignment help. What are you waiting for? You are one click away 24x7assignmenthelp.com

You can ask the experts for Accounts Receivable Control Procedures homework help.

We offer the following benefits-

  • Experience for years
  • Cover all the related topics
  • Team who are specialized in their field
  • Quality content
  • Online chatting service
  • No plagiarism
  • Best price
  • 100% money back guarantee
  • Certified writers

How we work?

  1. Place order with us

Fill the form online, share your requirements and submit it.

  1. Pay for the order

Choose any payment mode and pay online with 100% secured transfer.

  1. Receive your order in your mailbox

As soon as we are done with your assignment, we will deliver it to you within the deadline mentioned by you.

24x7assignmenthelp.com comprises of best team which work for the betterment of students and help them getting good grades in their assignments and homework. Our qualified professionals are available for Accounts Receivable Control Procedures assignment help.

live support software