Section 5 - Revenue, Income, and Receivables

Section 5.4 - Receivable Operations

Date: 5/2/05
Approved: Finance Board, editorial change 12/12/07

Receivables are defined as amounts due and expected to be collected by AS for goods or services provided to individuals, businesses, other organizations, and governmental units. Receivables are to be recorded and billed as soon as goods are delivered or service is provided.

CUSTOMER RECEIVABLES

All general account receivables are initiated using a billing request form. This form is then submitted to the Accounts Receivable department within AS which will then prepare a billing invoice. Invoices are mailed to the customers on weekly basis and depending on their credit terms are followed up for payment.

The Daily Aztec, Children’s Center and the Aztec Recreational Center use specific procedures to bill, track and collect fro their customers.

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