Accounts Receivable
Accounts Receivable is responsible for managing incoming payments and ensuring that the organization collects revenue efficiently. They oversee invoicing, track outstanding balances, and follow up on payments from customers, partners, or internal units. Their duties include:
- Generating and issuing invoices for services rendered or products sold.
- Monitoring payment due dates and processing incoming transactions.
- Reconciling accounts to ensure accurate financial records.
- Managing credit policies and assessing customer payment reliability.
- Addressing payment discrepancies and handling collections when necessary.
Their work ensures a steady cash flow for the organization, helping maintain financial health and operational stability.
Shared Email Folder
This shared folder is used for deposits and invoice requests:
- When someone (like the Bursar’s office) receives a check and needs a CashNet so that they know where to deposit the check.
- BreakZone credit card transactions daily report comes to this folder, as well, and we do a CashNet for it.
- Invoice requests from Conference Guest Services…requesting invoices for school/organization visits to VT, and Conferences or group camps, throughout the summer, and will include lodging fees.