Accounts Receivable Follow-Up Checklist ( FINANCE )

This checklist is designed to ensure that all outstanding accounts receivable are followed up systematically to improve cash flow and minimize overdue accounts.

• Review Outstanding Invoices

  List all invoices that are outstanding and categorize them by age (e.g., 0-30 days, 31-60 days, 61+ days).

• Prioritize Follow-Ups

  Identify high-value invoices and those that are significantly overdue for immediate follow-up.

• Contact Customers

  Reach out to customers through email or phone to remind them of overdue invoices.

• Document Customer Responses

  Record any commitments made by customers regarding payment dates and amounts during follow-up communications.

• Set Payment Reminders

  Schedule reminders for follow-up communications based on customer responses and payment commitments.

• Evaluate Payment Plans

  If necessary, discuss and establish payment plans for customers unable to pay the full amount immediately.

• Assess Overall Receivables Health

  Evaluate the overall status of accounts receivable and prepare a report for management review, identifying trends and potential issues.