| In areas such as science and mathematics there are | | | | the cash flow of your company because you control |
| laws that define what is and how it acts. The area of | | | | one of its major assets--the receivables file. Always |
| accounts receivable is also contains laws. If you learn | | | | remember... Your job is made up of problems. Most of |
| how to implement the six basic statements listed | | | | them are caused by other people. Accept this as a |
| below as laws, you will immediately become more | | | | fact! |
| productive as an accounts receivable administrator or | | | | Know the Structure of Your Company's Accounts |
| manager. These are tested, proven laws of success. | | | | Receivable File -- To be an efficient, effective collector, |
| Implement them and you will become more successful | | | | you must be familiar with the accounts receivable file |
| -- it's a law. | | | | system your company uses. Trace the routing of each |
| Know Your Company -- one of the most important | | | | type of sale in your company's accounting system. |
| things you must know is the company you work for. | | | | Find the areas that could create errors. You must |
| You must know its organizational structure, its people, | | | | know how often the collection documents you work |
| its products, and its policies. Few other positions have | | | | with are updated. And, when you see an amount with |
| the close contact with so many different facets of the | | | | an alphabetic notation beside it, you must understand |
| company. | | | | what the entire entry means. You deal with |
| Know Your Place in the Company -- Your company's | | | | delinquency percentages. These percentages show |
| ability to pay its bills, develop new products, build new | | | | something of the status of your department, and you |
| facilities, and expand its position in the market-place is | | | | have something to measure the department's |
| in your hands. You have a great deal of responsibility | | | | progress against. |
| and occupy a high-level position. You directly control | | | | |