Collection policy

Collection policy

Procedures a firm follows in attempting to collect accounts receivables.

Collection Policy

The steps that a company follows in ensuring timely payment of its accounts receivable. Collection policies vary by company. An example of the steps a company can takes involves a friendly phone call to make sure payment is made on time, followed by a firm phone call when a payment is late, followed by a threatening letter, and finally turning the client over to a collection agency. Companies may deviate from their collection policy for long-standing or otherwise trusted customer.
Mentioned in ?
References in periodicals archive ?
The badge falls outside the museum's collection policy as it has no local connection or interest and the donor had not been recorded so the musuem looked for an appropriate home for the badge.
The law also provides that there should be mandatory segregation of waste at source and a no segregation, no collection policy.
ISLAMABAD -- Lauding Federal Board of Revenue (FBR), Federal Finance Minister, Senator Ishaq Dar on Saturday said that tax payers facilitation and strengthening of the tax base should be the hallmark of revenue collection policy.
He said that the current collection policy was "not sustainable" and pointed residents to the council website where answers to asked questions about the policy could be
It doesn't happen very often, but often enough that the Florida Courts E-Filing Authority has adopted a collection policy for lawyers who repeatedly have filed documents through the statewide electronic portal but have failed to pay the related filing fees and costs.
There is a necessity for stricter enforcement of the authority's collection policy to address the issue of arrears, and timely imposition of more effective measures, including power cuts and legal measures, to safeguard the authority's interests," the report said.
Mumbai: Following massive anti-toll protests by various parties in recent times, the Maharashtra government will introduce a new toll collection policy, Chief Minister Prithviraj Chavan said here on Thursday.
Researchers at Carnegie Mellon studied and reviewed the consumer privacy practices of 3,422 banks for their data collection policy, as well as sharing and selling customer data for marketing purposes, the bank said.
They asked Brant to use the same bill collection policy as Brant County Power, Union Gas, and Bell Canada which move billing to tenants upon request.
Al-Tigani Al-Sessi, asserted the necessity for the support of the Armed Forces and the other Regular Forces to face and settle the tribal confilicts, and the work for collection of weapons the expand of the state authority indicating the need of r arms collection policy.
Donnelly said, as directed by the art collection policy, the money from the auction will go into the collections fund, not into the general endowment or operating funds.
In a statement extended to Sudan Tribune, the ministry said it reached an understanding with all South Sudan states' finance ministers, and agreed the latter provides additional compensation under the centralised collection policy.

Full browser ?