Accounts Receivable concerns all income generating activities (refer to External trading [1], FPM 8a, and Accounting for donations and grants [2], FPM 14).

Accounts Receivable (AR) checklist

• Ensure you have completed all invoices, credit notes and batch receipts for the month.
• Ensure all invoices, credit notes and appropriate customer statements have been despatched.
• Identify receipts remaining on the Unapplied Register by running the Unapplied Receipts Register. Apply the receipt to the specific invoices or add a comment to your manually maintained institution list where they cannot be applied.
• Ensure debt collection activities have been performed and recorded throughout the month for all due debts, diarising any follow ups required.
• Confirm you have reviewed and returned your responses to the Department Debt Statements issued by Credit Control at the start of each month.
• Ensure any bad debt write offs have been submitted to Credit Control at least 5 working days before the month end close.

Latest version 21 December 2024