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MISCELLANEOUS ACCOUNTING PROCEDURES
EMPLOYEE ACCOUNTS RECEIVABLE
(Revised 06/2016)8776.6Each department will develop collection procedures that will assure prompt followup
on receivables. Departments
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What is nonemployee accounts receivable?
Nonemployee accounts receivable refers to the money owed to a company by individuals or entities who are not employees of the company.
Who is required to file nonemployee accounts receivable?
Companies that have outstanding receivables from nonemployees are required to file nonemployee accounts receivable.
How to fill out nonemployee accounts receivable?
Nonemployee accounts receivable can be filled out by providing details of the amounts owed, the nature of the debt, and the timeline for payment.
What is the purpose of nonemployee accounts receivable?
The purpose of nonemployee accounts receivable is to track and manage money owed to the company by external parties.
What information must be reported on nonemployee accounts receivable?
Information such as the name of the debtor, amount owed, invoice numbers, and payment terms must be reported on nonemployee accounts receivable.
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