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Example Accounts Receivable Process Flowchart

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This example accounts receivable processes is intended for small businesses looking to create consistency in their Accounting activities. Get more processes at: www.eqbsystems.com/smallbusinessprocesses.html

Published in: Business, Economy & Finance

Example Accounts Receivable Process Flowchart

  1. 1. Accounts Receivable Process P SA M LE New Project / Signed Contract START Collect 50% deposit in the form of check or credit card Deposit check into banking account or Process Credit Card Check Bounced or Credit Card Declined? yes no If check, discontinue work or seek alternate form of payment. If credit card, call client and attempt to collect new or correct info. Do design work. Submit invoice for final 50% payment. Collected Payment? Received Payment in 30 days? no yes Discontinue work. yes no Production Involved? Go to COLLECTIONS process yes no Send quote with markup to client. END Client Paid Upfront? yes END no Deposit or Process Payment. Do not continue until client pays. © Copyright 2007, 2014. Alicia Butler Pierre for Equilibria, Inc. More Accounting Process Maps Available for Download at The Process ShopTM EQBsystems.com/smallbusinessprocesses.html

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