Aging Schedule

Follow up aged receivables is routine for AR. Periodically (monthly should be fine)make phone calls (also practice your speaking skills) for aged bill pmt. Anyting over 90 days should request pmt with check #, check date right away. Over 60 days bills ask when pmt should be expected. Document what you have followed up with and send really aged bills (over certain days) to collection agency since they have different techniques to collection bad debt. Once you received notice from collection agency, then prepare W/O memo to your supervisor requesting write off the bad debt to close the acct. You should get little training or info from your manager.