◦ Prepare estimates and invoices
◦ Record and account for revenue
◦ Input receivable transactions into the accounting system
◦ Prepare and deliver periodic statements
◦ Issue client-approved credit memos and refund checks
◦ Maintain subsidiary receivables ledger
◦ Report to organization on detailed aged receivables
◦ Process client-approved adjustments
◦ Apply cash received to customer accounts and resolve “short pays”
◦ Light phone collections as needed by client