You are an accounts receivable manager. Your company instituted a two-level collection letter plan for a customer. The result was not as effective as your company had anticipated. Now you need to institute a plan that charges the overdue customer with a high-interest premium on the amount due. What should you do?

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Accepted Answer

D. Set up interest codes.

Answer

A. Set up a customer accounts statement.

Answer

B. Set up interest adjustments.

Answer

C. Set up a collection letter note

You are an accounts receivable manager. Your company instituted a two-level collection letter plan for a customer. The result was not as effective as your company had anticipated. Now you need to…

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